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There are many good reasons to consider an electric car. They typically provide outstanding performance, run smoothly and silently, do most of the “refueling” at home (meaning you never have to go to the gas station unless you need to grab a bite to eat or go to the toilet) and have zero exhaust emissions. gases. But despite their significant benefits, electric vehicles are still not for everyone and do not always make the most economic sense.

With higher inflation and gas prices – electronic vehicles are looking more appealing every day. The hype is real, but is the need real? That really is the question only you can ask yourself and this article is meant to help inform you of all the angles you may be missing or overlooking.

The Future of Electronic Vehicle Battery Manufacturing

Queen Creek, Arizona – LG Energy Solution, a global manufacturer of batteries for next-generation technologies, will initially invest $1.4 billion to build its first North American barrel battery plant in Queen Creek, Arizona. The project is expected to create thousands of jobs. Construction on the facility will begin this summer, with production to begin in 2024. The purpose of the state-of-the-art facility is to strengthen LGES’s presence in the North American cylindrical battery market, as well as provide opportunities for further expansion. The facility will be equipped with a state-of-the-art intelligent manufacturing system that includes remote support, manufacturing analytics, logistics automation, and more.

This economic development is riding on the back of the momentum set forth with USMCA and Brexit and Lucid Motors moving to the City of Casa Grande.

High-tech manufacturing, including semiconductors, electric vehicles, and batteries, is booming in Arizona, adding thousands of new jobs in recent years through direct manufacturing and supply chain operations. The state has recently received billions of dollars in investment from global technology leaders such as Intel and TSMC, while electric vehicle makers such as Lucid, Nikola and ElectraMeccanica have manufacturing plants in the state.