Illinois still lacks the power of an electric vehicle. While progress has been made on other fronts, the state still has no electric car battery.
The second Rivian plant may be an opportunity to change that. Rivian, California, plans to build a battery factory next to the new assembly plant. Rivian indicated that several states would bid for the plant, but Illinois was not among them. Regional officials also declined to comment.
Illinois must bid for the factory. For simple reasons, it is very important to add a battery factory to the state’s ambitions in electric vehicles – the invention and the money are there. Without batteries, Illinois could be a net loser in the EVA revolution.
While major automobiles are searching for stations for battery factories, other states have moved forward. General Motors unveiled plans for battery plants in Ohio and Tennessee. Korean battery maker LGV is expanding its EV battery plant in Michigan, while Japan’s Panasonic produces batteries for Tesla electric cars in Nevada.
States with battery factories are entering the most lucrative EV production segment. Battery production requires an investment of about $ 2 billion, compared to $ 1 billion for assembly plants. According to Bloomberg, batteries themselves are the most expensive component of electric cars, accounting for 30 percent of the total cost.
Batteries are a source of innovation in electric vehicles. Creating batteries that can store enough electricity to drive hundreds of miles without blowing up requires major technological breakthroughs. EVs are even more desirable as they grow into full-fledged businesses. Interestingly, the Argon National Laboratory in Limmont has been at the forefront of advanced battery research.
The mass production of batteries and the continuous development of technology will result in years of high-paying jobs. Battery factories and related research centers are talented magnets for talented software engineers and designers, and drive new companies as they push technology boundaries. At the same time, battery factories employ thousands of workers.
Attracting battery packs also provides Illinois with some protection against the harmful effects of plug-in vehicles on supply chains. About 40 percent of the money that cars spend on suppliers is related to internal combustion engine components.
When cars stop burning gasoline, parts of the whole room become unnecessary. Anything related to the engine, fuel systems, transmission or hazardous systems can lead to extinction. To name a few, aging is not an electric vehicle.
Automobiles have already stopped investing in internal combustion engines when converting their money to power lines. Vehicles are moving toward a much easier future where you need fewer parts. According to PC Consulting, the Chevy Bolt electric motor has three moving parts compared to the 113 traditional engine.
A few rooms mean fewer workers. Car manufacturers estimate that EV production requires 30 percent less labor.
According to the Illinois Manufacturers Association’s 2019 report, this is a huge burden for an industry that generates close to $ 28 billion and employs 36,000 in Illinois. As a result of the internal combustion engine failure, each component is a source of income for suppliers and jobs for workers.
To compensate for the inevitable losses of gas slides, Illinois must play a major role in new opportunities. That means keeping a close eye on battery production.
Time is running out as cars speed up their EVs schedules. General Motors now plans to stop producing internal combustion engines by 2035. Mercedes plans more power by 2030 to disrupt gas-powered vehicles and plans to offer electric versions of all models by 2025.
The good news is that Illinois has a lot of chances to win the batteries. Rivian is the only car manufacturer that wants to build battery capacity (and if Rivian plans to multiply geographically, it could be a long time for Illinois). For example, at the end of ten years, Ford plans to have 10 battery packs worldwide. GM said it will soon add two more battery packs to the proposed pair for Ohio and Tennessee.
Illinois must win its share of battery production and beyond. We have experience in battery technology, skilled manpower, manufacturing knowledge, Central African region and transportation infrastructure. Combine all that with a pair of EV meeting plants, and you have a good place to make batteries.