FOCUS: It’s almost harvest time (for electric tractors)
Companies in business for nearly two centuries are as dependable as they are shrewd. They anticipate customers’ needs, innovate, and deliver. And they do this again and again and again.
That’s why John Deere’s Aug. 14 announcement that it’s building a plant to produce more batteries and chargers is noteworthy – it’s the latest sign that America’s economy is rapidly electrifying, from the farmer’s field on up.
Deere’s was one of 18 major clean economy announcements that companies made across the country last month, amounting to 9,529 new jobs and more than $6 billion in investments. All told, since the Inflation Reduction Act was announced just over a year ago, E2 has tracked 223 projects across more than three-dozen states amounting to about 75,000 jobs and $88 billion in investments.

A welder at John Deere’s plant in Kernersville, N.C. The iconic manufacturer announced in August it will expand its operations there to make batteries and chargers. (Photo courtesy of John Deere)
Deere’s new 115,000 square-foot plant will be in Kernersville, N.C., adjacent to another the company has operated since 1988. The facility is expected to help Deere, founded in 1837, produce more than 20 electric and hybrid electric models for the construction market by 2026, including excavators, forklifts and wheel loaders. It could also help roll out an autonomous, battery-powered electric utility tractor for the agricultural market, also by 2026.
“[W]e are prioritizing the development of a robust charging ecosystem and battery portfolio that can support and sustain the long-term adoption of electrification across a wide variety of applications,” said Pierre Guyot, SVP of John Deere Power Systems and Chairman of Kreisel, an Austrian battery company in which Deere acquired a majority stake last year.
The $69 million Deere project is expected to create about 50 jobs in North Carolina, with an average annual pay of more than $60,000. Occupations include assemblers, material handlers, packagers and quality inspectors.
The announcement was part of another big month for EV projects in the South. Georgia, Alabama and Tennessee each had at least one major EV project announcement. There were also billion-dollar solar manufacturing announcements in both Louisiana and New Mexico; grid announcements in Waukesha, Wisc., and Nacogdoches, Texas; and Singapore-based Bila Solar said it’s investing $35 million to repurpose an old Eli Lilly factory in Indianapolis, where Bila will also establish its new U.S. headquarters, creating some 240 new jobs.