In August, President Biden signed an executive order that set a target to make 50 percent of all new vehicles sold in the United States in 2030 zero-emission vehicles—and ironically garnering the support of some of the biggest
In America, Joe Biden said back in August, “The future of the auto industry is electric,” adding the point that those vehicles will be made in America.
To that end, the Department of Energy’s Vehicle Technologies Office has listed 13 new battery plant projects that are scheduled to be completed within the next 5 years.
#1 Ford is building a $5.6 billion industrial campus just outside of Memphis that will manufacture not only vehicle batteries but electric trucks. Dubbed BlueOval City, construction was supposed to start by the end of this year, with manufacturing set for 2025. Tennessee Gov. Bill Lee said that the battery facility is the largest single investment in this state’s history.
#2 and #3 Ford and SK are building twin battery plants in Kentucky. The complex, called BlueOval SK Battery Park, boasts investments of $5.8 billion and will supply batteries to Ford’s North American assembly plants. Ford’s $7 billion contributions to BlueOval City and Blue Oval SK Battery Park represents the largest ever manufacturing investment at one time by any U.S. automaker.