Due to more social and health awareness, people are becoming environmentally conscious. As a result, electric vehicles are getting more lime lite. People are demanding more electric vehicles. And to meet this demand, companies are working more on the electric vehicle side. Governments are encouraging people for this and EV manufacturers by giving them incentives and rebates.
A small number of manufacturers throughout the world are manufacturing E.V.s, making up a large portion of the EV market across the globe. China is leading these countries in EV manufacturing with the help of government policies followed by the United Nations and a few other countries.
Some countries are removing the incentive and rebates allocated for the EV industry to move forward. This gives the impression that the government thinks the EV industry is stable. Some countries where the E.V. industry is still developing need this extra push by the government to keep the same pace toward developing the EV market segment.
Electric vehicle EV Manufacturing in the United States
Kentucky is the United states’ premier location of electric vehicles and parts manufacturing. Everything used in electric vehicles is made in Kentucky and shipped from Kentucky to all over the country efficiently and quickly. The presence of excessive land, competitive energy pricing, a standard supply and shipping system, and a knowledgeable workforce makes the Kentucky best manufacturing site in the United States.
EV Manufacturing Industry in Kentucky
If we go through the capital, Kentucky is the number 1 producer of light trucks, SUVs, and cars. There are more than 525+ automotive-related facilities in Kentucky. Kentucky is the hub for four major assembly plants, including Toyota, General Motors, and two assembly plants, Ford. Kentucky has a good number of industry workers in U.S. 1 out of 16 automotive industry workers work in Kentucky.
A reasonable sum of income is allocated for Kentucky. Accordingly, $10.8 billion has been announced by automotive-related facilities. There are more than 100,000 individuals employed in electric vehicle-related establishments in Kentucky. The automotive industry provides more job opportunities and economic development for Kentuckians by announcing more than 8,500 full-time jobs.
Why China and Europe are a Step Ahead of the United States of America in EV Manufacturing / production.
The United States lags China and Europe in the electric vehicle production race. More than 10 million EVS were manufactured between 2010 to 2020 worldwide. Only 18% of the cumulative number of EVs were produced by the U.S in 2020. While the share was very high in China and Europe. China is the largest EV manufacturer in the world, accounting for 44% of EVs market share manufactured in the last decade.
The wide variety of consumer incentives and strengthened regulation helped China to drive greater adoption and production of electric vehicles and limit internal combustion engine vehicles by making it easier to register, buy and navigate EVs instead of internal combustion engine vehicles.
In 2022 2.3% of the new electric vehicle sales in the U.S. were pure battery and hybrid electric vehicles. The U.S lags in E.V production because of the need for government plans. Government strategy and plans play a vital role in the success and stability of the electric vehicles market. 44 vehicle assembly plants are in the U.S. Only two were dedicated to making EVs in 2020.
In 2021 three G.M. plants were converted to produce only EVs. Lucid and Tesla have one new all-electric vehicle plant. By 2025 a total of 7 out of these 44 vehicle assembly plants would be dedicated to making only electric vehicles based on company plans.
EV Manufacturing in Europe
On the other hand, 25% of the global EVs are manufactured in Europe. The demand for the Overseas setup of American EVs is getting high daily. Especially Tesla to ship and set up shops beyond the U.S companies.
In contrast, if we analyze Europe, dozens of new electric vehicle models have been introduced by automakers. Substantially increases the volume of electric vehicles they are making or plan to make. In China increased volume of adoption and production of electric vehicles are supported by “demand and supply-side policies.”
The U.S. President: Mr. Biden’s Planning to Boost EV Manufacturing Industry
U.S president Mr. Biden’s economic plan has paved the way E.V manufacturing boom. Tens of thousands of good-paying jobs, and new economic opportunities across the country. In Michigan, Missouri, North Carolina, Ohio, Kansas, and many other states. Investments in manufacturing have been announced by Honda, General Motors, Panasonic, Ford, and Toyota.
President Biden’s vision for the EV future is positioning the United States to lead the EV future, create jobs, boost economics, and fight climate change. Companies have invested $85 billion in manufacturing EVs, EV chargers, and batteries since Biden took charge.
Investments in EV Industry
In 2022 companies’ investments get tripled in domestic EV manufacturing 2020, reaching up to $13 billion. Companies have announced an investment of $13 billion in domestic EV manufacturing, $24 billion in batteries, and over $700 million in EV & charging infrastructure. Since Joe Biden took the president’s office number of EVs sold in the U.S has tripled.
Joe Bidens’ agendas that support the E.V industry in the U.S is Bipartisan infrastructure law that invests $7.5 billion to build a 500,000 national network of EV. Chargers, more than $7 billion for the availability of the critical minerals for battery manufacturing and $10 billion for clean transit and school buses.
The Inflation Reduction Act by Joe Bidden provides incentives for buyers of new and used EVs. It grants to deploy zero-emission heavy-duty vehicles and give credits to help manufacturers build new manufacturing in the United States and retool existing facilities. The Science Act and CHIPS will make considerable investments in building domestic capacity for the semiconductors necessary for EVs.
EV Manufacturing
Georgia is considered a hub for the electric transportation industry. More than 30 EV.-related projects have contributed $13.3 billion in investment in Georgia since 2020. Many EV companies have announced opening EV facilities in Georgia. I.e., HMG and Rivian. Some of the e-mobility companies in Georgia are..
- Rivian
- Ascend Elements
- Hyundai Motor Group
- SK Battery America
- Yamaha Motor Manufacturing
- Cimbar Performance Minerals
- Duckyang America
- Club Car
- EnChem Ltd.
- Dongwon Tech
- Caterpillar
- Aspen Aerogels
- Energy Assurance GEDIA
- Wonbang Tech
- Plug Power
- EcoPro
- Denkai
- Kirchoff
- Heliox
- Aurubis
- TEKLA’S
- Textron
- JCB
More than 4000 EVs were sold in Georgia in 2021. Representing total annual growth of 29%, and more than 42,500 electric vehicles were registered in Georgia in 2022. The government is providing incentives and making policies encouraging the adoption of electric vehicles.
EV Manufacturing Plan till 2035
The world is revolutionizing and going for electric vehicles rather than internal combustion engines. There are several reasons, including economic, climatic, and health concerns. Some companies have set dates for going utterly electric in the future. While others are electric from the start. There are three levels of electrification, I.e., hybrid electric vehicles, plug-in hybrid electric vehicles, and battery electric vehicles.
A list of electric vehicles that will get electrified by the end of 2035 is
Bentley: by the end of 2026, Bentley vehicles will get plug-in hybrid or all-electric. And by the end of 2030, they will be all-electric vehicles. According to Bentley officials, they are working on electric vehicles and the family of electric vehicles. In 2025 Bentley’s first EV will arrive.
BMW: BMW has a long way to go electric. According to CEO Oliver Zipse, internal combustion engine vehicle manufacturing will be continued due to demand. And most of BMW’s top-selling models have plug-in versions, including X3, 3 series, X5, and 7 series. He said that by the end of 2025, they will have delivered around two million fully electric vehicles to customers.
Ford: Till 2025, Ford is investing $22 billion to deliver battery electric vehicles and plans to be zero-emission carbon vehicles by 2050.
General Motors: By 2035, G.M. motors plan to stop selling gas and diesel vehicles. By 2030 Cadillac lineup will be all-electric. The first electric vehicle is Hummer in SUV and pickup form. Zero-carbon emission vehicles by General Motors are planned to be introduced by 2040.
Honda: After 2022, Honda will sell only electric vehicles. Honda says 40% of its North America vehicle sales will be either Hydrogen or battery electric vehicles by 2030. And by 2040, all gas vehicles will be diminished.
Hyundai-Kia: no commitments have been made by the Hyundai Motor Group to go all-electric. But responsibilities are made to invest about $7.4 billion to produce future electric vehicles in the United States by 2025.
Jaguar Land Rover: by 2030, the brand will be all-electric with battery versions of the whole lineup under a plan called “reimagine.” In 2024 there will be an electric Land Rover. Over the next five years, there will be six electric Land Rovers.
Mazda: By 2050, Mazda will be zero-emission all-electric vehicles under the moniker “sustainable Zoom-Zoom 2030”.
What Companies are Making Electric Vehicles
With time, electric vehicles have become a more critical need for environmental and climatic well-being. From carriages to electric vehicles, it has become a necessity for people to get in touch with more innovative and valuable technology. Electric vehicles have been there since the last century, but more popular in the previous decade.
Because of becoming an everyday commodity from expensive luxury technology, the electric vehicle market is going through very positive changes. EV companies had a significant role in making EV an everyday thing to be used by every person. Companies have invested billions of dollars to reach the goal of zero-carbon emission vehicles. EVs now include freight trucks, sports cars, golf carts, bikes, and many other products.
They are designed to make travel comfortable, eco-friendly, and quicker. Electric vehicles that are helping people to increase mobility by reducing carbon footprints are
- Tesla
- Lucid Motors
- General Motors
- Weave grid
- Nissan
- Volvo Group
- Chevrolet
- Faraday Future
- Renovo Auto
- Piaggio fast forward
- Waymo
- Charge point
- Tesla
- Uber
- Volta charging
- Ford Motor Company
- Nikola motor company
- NIO
- APTA
- ABB
- Rivian
- Zoox
- Hyliion
- Romeo Power
- Arrival
- Hyson Motors
- Ztractor
- Envoy there
- Canoo
- Revel
- Rad power bikes
- Levy electric
- Renovo auto
- Proterra inc
- WiTricity
- AutoWatts
- Lightening emotors
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