After manufacturing’s 40-year cycle of decline in the U.S., officials in Washington are trying to bring it back. This move could be a boom or bust for huge swaths of the American Midwest. This region once dominated the auto industry before rising global trade and automation sent domestic manufacturing employment into a tailspin. U.S. leaders hope that new laws such as the Inflation Reduction Act of 2022 will help businesses create the green manufacturing jobs of the future.
Researchers believe modern factory jobs will require more education and could be less available than they were in the past. They estimate that electric vehicles could require 30% less manufacturing labor when compared with conventional cars. “The lines that run to drive oil or gas around an internal combustion engine aren’t going to be there,” said Cooley.
Leaders in Washington hope two key pieces of legislation, the Inflation Reduction Act and the CHIPS Act, which were signed into law by President Joe Biden in August, will provide a bridge to that future. These laws authorize billions in incentives for businesses that pursue clean energy manufacturing.
Watch the video to learn more about how the electric vehicle revolution will impact the economies of states across the U.S. Midwest.
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How Electric Vehicles Will Change The Midwest Economy
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The energy density of battery's are much bigger and heavier than fuels and they don't go down as you use them like fuel . this is the problem for aircraft, not so much for cars.
The strange thing about EV’s is that most people don’t really want them.
One still needs lubricant, grease, fluids in moving parts. The maintenance is still needed and parts need inspection. People expect to just get in and everything works forever, not the real world.
Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. pray that anyone who reads this will be successful in life.
Ha! Did combustion engines ruin the economy… this is dumb. Poor horse and buggy industry.
Stay safe everyone
New technologies mean new opportunities. Maybe the Midwest can pivot to manufacturing other things in addition to EVs or more EVs
They already ruining California electric grid.
So basically it's biden's ev policies causing ev manufacturers to mushroom. So yeah the economy is really government policies. How is battery manufacturing knowledge non transferable it basically chemical engineering
So ev vehicles theoretically should cost less because they cost less to manufacture right? WRONG as soon as these EV models come out there will be a huge mark up price for the rarity.
In this austere time of inflation, lay-offs, recession etc, protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over. This is for stock holders.
Build denser cities that are less car dependent and more walkable/bikable. Build better public transit like we had pre 1950. Stop incredibly wasteful sprawl and abolish harmful zoning laws. People unencumbered with car ownership debt will be a boon for the economy.
Why should workers have to train for hyper-specific jobs? The focus needs to be on employer training making a comeback.
Gas cars will still be on US roads in 2072
This is why Elon musk said we are going to need universal income
What about the shrinking midwest population offsetting this. There is the age demographic of manufacturing.
70% of the car is still the regular steel shell and suspension components, along with the regular interior seats and moldings. So in that respect, an electric car plant will still need at at least 60% or more of the workers that it would have needed if it was making a gasoline car, and that's pretty good.
Illinois jobs 1st went south "because of the unions. Then to Mexico 'even cheaper!" From Mexico to Asia. Now China is THE industrial power. The American corporation has profited but the American nation has been weakened.
Don’t forget about how we need to become less dependent on motor vehicles in the US in general, besides simply making lots and lots of EVs in place of gas powered vehicles.
Ask the children of the Congo cobalt mines how they feel about ev's.
The decline was started by the politicians you keep in office by allowing the offshoring of our industries. Who can afford electric cars and where will the electricity come from?
Tesla!
BS
The Question is How Is America going to be able to handle the additional electrical requirements to charge EVs when the USA Electrical Grid can't keep up now. You will experience more Brown Outs!