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HomeAutoSTUDY: OHIO POISED TO LEAD ELECTRIC VEHICLE AUTOMOTIVE SUPPLY CHAIN

STUDY: OHIO POISED TO LEAD ELECTRIC VEHICLE AUTOMOTIVE SUPPLY CHAIN

COLUMBUS, Ohio, Feb. 10, 2022 /PRNewswire/ — The report “Ohio Battery Provide Chain Alternatives” launched right now highlights Ohio’s distinctive positioning to grow to be an trade chief and hub for superior applied sciences that may scale back emissions and innovate the automotive trade for many years to return. “Ohio Battery Provide Chain Alternatives” was co-sponsored by NRDC (Pure Assets Protection Council) and JobsOhio and authored by skilled consulting agency Benchmark Mineral Intelligence (BMI).

Due to current initiatives aimed toward constructing an auto provide chain that capitalizes on lithium-ion battery manufacturing, such because the GM/LG Chem (Ultium Cells) Lordstown funding and different sides of EV growth, the report highlights that the State of Ohio is uniquely positioned to grow to be an trade chief – reaffirming the state as a hub for revolutionary enterprise endeavors in advancing automotive applied sciences that may scale back emissions for many years.

“Because the trade continues to innovate and steer itself in direction of a future centered on a rising EV provide chain, this report solidifies Ohio’s worth proposition as a premier vacation spot for future innovation,” stated J.P. Nauseef, President and CEO of JobsOhio. “JobsOhio was created to assist bolster enterprise and funding in Ohio, and our state is ready to grab future alternatives within the trade that may carry good-paying jobs for Ohio’s workforce whereas decreasing emissions in our state.”

The report notes that the state has made a multi-decade dedication to the automotive provide chain, leading to greater than 90 p.c of Ohio’s exports at present associated instantly or not directly to the automotive trade. That well-developed infrastructure and logistics panorama places the state in prime place to serve rising shopper curiosity in electrical automobiles (EV). In accordance with the report, Ohio has the second-largest automotive workforce within the nation and is ranked as a prime state for photo voltaic growth within the Midwest over the following 5 years – key benefits for the state, making it a logical place for future investments within the EV provide chain because the auto trade is more and more wanting renewable power sooner and nearer to their operations.   

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In accordance with the report’s evaluation, crucial key benefits in Ohio embody:

  • The state’s means to shortly take a management place amongst U.S. states for implementing each upstream and downstream insurance policies
  • Ohio is a premier location for a cathode energetic supplies (CAM) funding given the state’s already important EV investments, which embody the $2.3B funding within the GM/LG Chem (Ultium Cells) Lordstown plant, that can result in additional trade progress and job creation
  • Ohio has well-developed infrastructure and logistics which have been pivotal to the state’s robust multi-decade dedication to the automotive provide chain
  • The massive and rising photo voltaic power trade in Ohio
  • Growing renewable power penetration can assure decrease power prices

Ohio has a singular place within the home provide chain for electrical automobiles. With a shortly rising photo voltaic trade and a well-established automotive provide chain legacy, Ohio has a chance to guide the U.S. home EV provide chain build-out,” stated Andy Leyland, Head of Provide Chain Technique, Benchmark Mineral Intelligence. “Ohio is a premier location for CAM manufacturing.  A profitable effort will create a constructive suggestions loop that can assist to draw different elements of this provide chain, together with anode manufacturing, chemical processing, and even recycling.  Ohio ought to search to align its coverage with this funding attraction effort to guard and construct on its automotive heritage because the trade pivots to electrical transportation options.”

“This report makes clear that Ohio can pursue emissions reductions whereas creating good jobs and attracting new funding. In truth, it reveals that the 2 go hand-in-hand because the auto sector goals to promote its clients a carbon-free electrical car,” stated Dan Sawmiller, Ohio Vitality Coverage Director for NRDC (Pure Assets Protection Council). “JobsOhio is taking part in an vital position in bringing new jobs and funding to Ohio whereas decreasing emissions within the state. They perceive the worth that Ohio’s rising photo voltaic power financial system can have in attracting new funding.”

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About JobsOhio:

JobsOhio is a personal nonprofit financial growth company designed to drive job creation and new capital funding in Ohio by means of enterprise attraction, retention, and enlargement. The group additionally works to seed expertise manufacturing in its focused industries and to draw expertise to Ohio by means of Discover Your Ohio. JobsOhio works with six regional companions throughout Ohio: Dayton Improvement CoalitionOhio Southeast Financial ImprovementOne ColumbusREDI CincinnatiRegional Progress Partnership and Workforce NEO. Study extra at www.jobsohio.com. Observe us on LinkedInTwitter and Fb.

About NRDC:

The Pure Assets Protection Council (NRDC) is a global nonprofit environmental group with greater than 3 million members and on-line activists. Since 1970, our legal professionals, scientists, and different environmental specialists have labored to guard the world’s pure assets, public well being, and the setting. NRDC has places of work in New York Metropolis; Washington, D.C.; Los Angeles; San Francisco; Chicago; Bozeman, Montana; and Beijing. Go to us at www.nrdc.org and observe us on Twitter @NRDC.

About Benchmark Mineral Intelligence:

Benchmark Mineral Intelligence (Benchmark) is the world’s main IOSCO-regulated value reporting company (PRA), proprietary knowledge supplier, and market intelligence writer for the lithium ion battery to electrical car (EV) provide chain.  Our granular and skilled concentrate on your complete provide chain makes us distinctive: from lithium and cobalt mining by means of to the manufacturing of cathode and anode practical supplies to battery cell and EV manufacturing. At Benchmark, we set the lithium trade’s reference and benchmark pricing. Our sequence of value evaluation and knowledge methodologies enable us to gather our proprietary knowledge from the supply, creating knowledge that’s relied upon by the trade to make multi-billion greenback funding selections that speed up the power storage revolution. Benchmark‘s tireless and methodical knowledge assortment coupled with in-house skilled evaluation makes us fully distinctive within the Twenty first-century publishing house and the world’s most trusted service. Because of this, our companies are relied upon by main actors within the EV provide chain; we’ve got testified to the U.S. Senate a number of instances, suggested The White Home, The Pentagon, and authorities businesses all over the world. Go to us at www.benchmarkminerals.com.   

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SOURCE JobsOhio

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