From the manufacturers producing most vehicles sold in the U.S. to autonomous vehicle innovators to equipment suppliers, battery producers and semiconductor makers – Alliance for Automotive Innovation represents the full auto industry, a sector supporting 10 million American jobs and five percent of the economy. Active in Washington, D.C. and all 50 states, the association is committed to a cleaner, safer and smarter personal transportation future.
THE NEW AMERICAN AUTO INDUSTRY
The Driving Force: Annual Economic Impact Report
Alliance for Automotive Innovation released The Driving Force, a new economic impact report highlighting the automotive industry’s many contributions to the American economy with state-by-state breakdowns of employment, trade, revenues, manufacturing investment and assembly facilities, GDP and more.
- Automotive ecosystem drives $1 trillion into U.S. economy each year — nearly 5 percent of GDP
- 9.6 million jobs coast to coast; $105 billion in exports
- Every direct job in vehicle manufacturing supports 10.5 additional American jobs
- Every $1 spent in vehicle manufacturing creates additional $3.45 in economic value
Get Connected: Electric Vehicle Quarterly Report
Alliance for Automotive Innovation today released its exclusive analysis of the U.S. electric vehicle (EV) market for Q1 2023. The Get Connected Electric Vehicle Report summarizes EV sales and purchasing trends across all 50 states. The report also includes a look at public charging and the availability of critical minerals and battery components necessary to manufacture EV batteries.
More EV models enter market; sales hold steady
Q1 2023: 97 EV cars, utility vehicles, pickup trucks and van models now available for sale in the U.S. Light truck sales represent 73 percent of EV market;
EVs represent 8.6 percent of new light-duty vehicle sales in Q1 2023, up slightly from 8.5 percent in Q4 2022 and 5.9 percent in Q1 2022;
More than 305,000 EVs sold in U.S. in Q1 2023, an increase of 56 percent over same period in 2022;
Top five list for EV sales in Q1 2023: California (23.9 percent); District of Columbia (20.1 percent); Washington (16.9 percent); Oregon (16.0 percent) and Nevada (14.9 percent).
Warning sign: public charging lags
Installation of U.S. public chargers is not keeping up with current and projected EV sales
Warning sign: not enough domestic or IRA compliant minerals and battery components
Automakers and battery partners have committed $115 billion (so far) in electrification and domestic battery cell manufacturing and announced plans to build nearly two dozen battery factories in the U.S. over the next few years.
While capacity to manufacture battery cells is increasing, Benchmark Minerals forecasts a lack of upstream (mining) and midstream (processing and cathode/anode production) capacity to supply new battery facilities with necessary materials.
Supplying Critical Minerals
Critical minerals play a key role in manufacturing the electric vehicles Americans drive every day. On this episode, John Bozzella welcomes Abigail Wulf, Vice President of Critical Minerals Strategy at SAFE to kick off a new series exploring critical minerals, battery components, the battery supply chain, and the important role they play in the automotive industry. The two discuss the domestic supply chain for critical minerals, government policies designed to support onshoring, and the implications of ceding global leadership on critical mineral production.
Listen Now: