In the two years since federal action helped spur almost $200 billion in investments in U.S. electric vehicle (EV) manufacturing, production has begun at dozens of plants, according to the U.S. Electric Vehicle Manufacturing Investments and Jobs: Turning Investment into Action report, produced by Environmental Defense Fund (EDF).
“Dozens of facilities are now up and running, creating jobs in communities around the country and allowing us to make affordable, clean cars right here in America for all those who want to buy one,” says Ellen Robo, EDF’s manager of transportation and clean air policy. “Americans will have lots more choices for electric vehicles thanks to these new facilities, and thanks to this increased production and federal tax credits it will be easier than ever to get one.”
Environmental Defense Fund
Key takeaways:
- At the close of 2024, manufacturers announced $197.6 billion in concrete investment in U.S. EV and EV battery manufacturing facilities over the last decade. The announced funding is for 229 distinct manufacturing investments at 208 facilities. Production has begun at 57 of those projects, which are supporting more than 50,000 jobs. More than 100 other projects are now under construction. That means 69% of the announced projects are now showing on-the-ground results.
- Over the last decade, manufacturers announced 194,600 total new U.S. EV-related jobs. These projects could generate up to another 826,000 additional jobs in indirect employment.
- Georgia leads the nation with $26.4 billion investments and 31,600 jobs.
- In 2028, U.S. EV manufacturing facilities will be capable of producing approximately 4.7 million new electric vehicles each year. That’s the equivalent of almost one-third of all new vehicles sold in the United States in 2023.
- In 2028, U.S. battery manufacturing facilities will be capable of producing 1,083 Gigawatt hours of EV batteries. That’s enough to supply more than 12 million new EV cars, trucks and SUVs each year, which is more than three-quarters of all vehicles sold in the United States in 2023.
