The Inflation Reduction Act (IRA) and other national policies have catalyzed already thriving investments in electric vehicle manufacturing in the U.S., according to a new report by Environmental Defense Fund and WSP USA. More than $120 billion in investments and 143,000 new U.S. jobs have been announced in the last eight years, with more than 40 percent of those announcements happening in the last six months – since passage of the IRA.
This report summarizes the significant investments in the electric vehicle (EV) ecosystem that have been announced over the past 8 years. This includes announced investments in EV, EV battery, and battery component manufacturing.
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More About this Resource
Publisher: Environmental Defense Fund
Date: March 14, 2023
Type: Research Reports
Tags: Inflation Reduction Act, Private Investment, Public Incentives & Policies, Supply Chain and Manufacturing
Countries: United States
States: None