Incentives to switch to electric vehicles are growing in the neighboring states of Tennessee and North Carolina.
On Nov. 28, the Tennessee State Funding Board approved one of the largest cash grants in Tennessee history to win an economic development deal with LG Chem Ltd., a company that plans to invest $3.2 billion to develop a cathode materials plant for electric vehicle batteries.
LG Chem, a South Korean corporation, announced its plans to build a plant in Clarksville, Tennessee, on Nov. 21.
According to Republican Gov. Bill Lee’s office, the $3.2 billion deal represents the “single largest announced foreign direct investment in Tennessee’s history.”
The plant would potentially provide 860 manufacturing jobs in Clarksville. The facility would be the largest of its kind and is expected to produce 120,000 tons of cathode material annually by 2027.
According to the current plan, the facility would be constructed on 420 acres, with construction slated to begin in 2023.
The facility will produce advanced cathode materials containing nickel, cobalt, manganese, and aluminum for electric vehicle batteries.
President Joe Biden’s Inflation Reduction Act has emphasized a crusade to reduce greenhouse gas emissions, an act providing federal incentives to companies that create policies that cater to the theory of human-caused climate change.
Renewable Problems
However, The Epoch Times has previously reported that mining to retrieve these minerals could create a larger environmental impact with guaranteed shortages in the future while contributing to social instability and violations of human rights.Organizations like the International Energy Agency (IEA) state that renewable technology requires more minerals than fossil fuels.
The Democratic Republic of the Congo and China are responsible for the production of a significant percentage of rare earth elements and cobalt.
Researchers at Northwestern University evaluated the social life cycle within the culture of cobalt mining within the Democratic Republic of the Congo.
The study also points to increased child labor, estimating that up to 40,000 children are working in the mines under slave labor conditions.
North Carolina’s Initiatives
North Carolina Gov. Roy Cooper announced his plan to promote the transition of heavy-duty vehicles such as tractor-trailers, school buses, delivery vans, and garbage and utility trucks to zero-emission electric vehicles.At the North Carolina Medium- and Heavy-Duty Electrification Bootcamp on Nov. 29, Cooper stated that “North Carolina has already made great progress in electric vehicle manufacturing, and we’re well-positioned to be at the head of the global market transition to zero-emission vans, buses and trucks. We’ll continue working with businesses and manufacturers across the state to strengthen our economy, create jobs and confront the climate crisis.”
Driving on Sunshine
Amid soaring gas prices, the Biden administration has continued to advocate for Americans to switch to electric vehicles. The average cost to buy an electric vehicle in the United States was $66,000 as of June 2022 according to Kelly Blue Book.In March, Transportation Secretary Pete Buttigieg and Biden told Americans that they would save on gas if they purchased electric vehicles.
U.S. Department of Energy Secretary Jennifer Granholm took it a step further with a statement that some have argued reflects the administration’s disconnection with reality.