January 20, 2023

The Macroeconomic Impact of Increased U.S. Electric Vehicle Battery Production

To reduce greenhouse gas emissions, the United States has had a surge in electric vehicles (EVs) used as an alternative to traditional fossil fuel-run vehicles. To meet the increasing demand for these EVs, factories and other parts of the manufacturing process are being established nationally. In this report, ERM uses REMI PI+ to project the economic impact of this new EV battery supply chain of manufacturing and recycling these batteries, especially regarding job creation, labor compensation, and GDP. The analysis encompasses the direct economic impact of battery creation and the indirect economic impact of raw material mining.

Click here to access the report.