Propulsion Batteries

Why are Propulsion Batteries an Important Technology for the Detroit Region’s mobility industry?

Propulsion batteries are perhaps the key technology at the heart of the electrification transformation underway in all mobility sectors. They provide the electricity necessary for vehicle propulsion and are typically the largest, heaviest, and most expensive components of electric vehicles.

U.S. production of propulsion batteries for all mobility sectors is expected to experience fourfold growth by increasing from 1.8 million in 2024 to nearly 6 million in 2030. In 2024, 93.6% of total battery production was slated for light vehicle applications. Because the Detroit Region specializes in light vehicle development and manufacturing, it is uniquely poised to benefit from battery technology expertise as other mobility sectors follow in adopting electrification technologies.

 

Propulsion Batteries Key Findings

+600% Growth in Global Demand for Electric and Hybrid Vehicles between 2020-2024.

U.S. demand accounts for about 13% of the global total

64% Battery Cost Drop Forecasted for the U.S. between 2019-2030

Enables higher volumes, increased economies of scale, and deployment in more mobility applications

51% Market Share in Light Vehicle Sector in U.S. by 2030

Applications include Battery Electric Vehicles, Hybrids, and Plug-In Hybrids

5.8 Million Batteries Forecast to be Produced Annually in the U.S. in 2030

This figure represents all mobility sectors combined

297% Michigan Battery Manufacturing Employment Growth Between 2014 and 2024

This is nearly triple the national average

Sector Opportunities

Light Vehicle

Medium & Heavy Vehicle

Construction, Agriculture, Off-road & Mining

Maritime Vehicle

First & Last Mile Vehicles

Propulsion Batteries Webinar