The US lead battery industry has recorded a 20% increase in the number of jobs created between 2016 and 2018, according to a new study released by the EDR Group, Essential Energy Everyday and the Battery Council International.
The lead battery industry created nearly 25,000 direct jobs across 38 states and more than 92,000 indirect jobs between 2016 and 2018.
Up to $26.3 billion in annual economic impact and $10.9 billion in the gross domestic product has been recorded.
The growth of the industry is a result of an increase in investments towards research and development of new technologies. Industry stakeholders reported spending more than $100 million per annum.
Kevin Moran, executive vice president of the Battery Council International, said: “Lead batteries keep Americans mobile and connected by powering more than 275 million cars and trucks and supporting a communications infrastructure of more than $1 trillion.
“Lead batteries also play an increasingly important role in cost-effective energy storage, as the demand for renewable energy increases. And, with a 99% recycling rate, they feed a circular economy that creates additional green jobs.”
Start-stop vehicle technology using advanced lead batteries removes 4.5 million tons of greenhouse gas emissions per annum in the US.
To download the study, click here.