Employee numbers in the US lead battery industry have risen 20% in two years as the market contributed $26 billion in total economic output to the national economy, a new study has found.
By the close of last year, the industry employed 25,000 direct jobs across 38 states according to figures from a study prepared by the EDR Group at the request of Essential Energy Everyday and Battery Council International (BCI). The study was last conducted in 2016.
Of the $26.3 billion in total economic output to the national economy, $11 billion was in the form of gross domestic product and $2.4 billion in government revenue.
Study respondents also reported spending more than $100 million on research and development.
Kevin Moran, executive vice president of BCI, 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.” Moran further explained, “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.”