Economic Contribution of the U.S. Battery Industry

The U.S. battery industry is a thriving economic engine. Annually, its direct and downstream economic activity creates $8.1 trillion in domestic economic output. Plus, nearly 48 million U.S. jobs are reliant on the battery industry.

U.S. Battery Industry Provides Significant Economic Benefits

Domestically produced batteries are essential to day-to-day activities and critical operations. A recent economic analysis by the independent research firm, EBP US, estimates the battery industry powers nearly 20% of the U.S. economy. Annual economic contributions include:

  • $8.1 trillion in domestic economic output.
  • Nearly 48 million U.S. jobs are reliant on the battery industry.
  • $7.1 billion in net sales for wholesale/retail outlets.

The report, The Battery Fueled Economy: US Domestic and Supported Canadian Activity, highlights the importance of batteries to ensure smooth and secure daily operations for downstream users across a wide range of vital industries.

Furthermore, these industries rely on energy storage to support continued economic growth. Prominent downstream users of storage batteries include:

  • 22% Financial Services
  • 17% Professional and Business
  • 11% Health and Education
BCI downstream economic impact by industry sector
U.S. battery industry enables nearly 20% of the economy.
The battery industry enables nearly 20% of the U.S. economy.
Economic contribution of the U.S. lead battery industry fact sheet

Battery Chemistry Economic Highlight: Lead Battery Industry

Among battery chemistries, the U.S. lead battery manufacturing and recycling industry makes a particularly strong economic contribution of nearly 33 billion in economic output. The industry generates $13.7 billion in gross domestic product (GDP), directly employs 38,230 workers and spends $3 billion annually on payroll. The average, per-worker salary among lead mining and recycling companies is $82,600; the average, per-worker salary among lead battery manufacturers is $75,700.

Compared to many other private industry sectors, salaries in the lead battery industry are 36% higher for mining and recycling workers and 25% higher for manufacturing workers.

In addition to direct employees, the industry supports 37,400 supplier jobs in a variety of industries and an additional 45,720 jobs from worker spending in different sectors.

Collectively, the lead battery industry supports 121,000+ jobs.

Beyond job impact, 2021 data shows the lead battery industry annually contributes nearly:

  •  $8.5 billion in labor income,
  • $13.7 billion in gross domestic product (GDP),
  • $32.9 billion in output or overall economic output,
  • $2.97 billion in government revenue, and
  • $113 million in research and development.

These impacts underscore the lead battery industry’s substantial contribution to the U.S. economy.

U.S. lead battery industry economic contribution of jobs in 38 states
The lead battery industry creates a diverse mix of well-paying manufacturing and recycling jobs in 38 states.
Shannon Warren Flow-Rite Controls

We created our own circular economy where over 80% of our waste is now recycled and gets to live on in new ways.

Shannon Warren, Marketing Specialist, Flow-Rite Controls