The USA has set itself the goal of significantly expanding its domestic battery capacity in order to meet the growing demand for electric vehicles and reduce its dependence on global markets. This opens up significant market opportunities for German companies, particularly in the mechanical and plant engineering sector, in the field of battery production and recycling. In 2023, USD 173 billion was invested in battery manufacturing alone, supported by policy initiatives such as the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), which are boosting the sector and creating around 212,000 new jobs.
Ohio and Kentucky have established themselves as strategic locations for battery factories, boosted by their proximity to major car manufacturers and government incentives. In addition, the growing demand for recycling technologies and government subsidies also offer market opportunities for German technology providers in the field of battery recycling. Overall, developments in the US battery market, particularly in Ohio and Kentucky, offer favorable conditions for German companies to enter this growing sector.