U.S. Electric Vehicle Manufacturing Investments and Jobs

This report is a comprehensive examination of the progress made in electric vehicle (EV) manufacturing in the U.S. and the related job growth over the past decade. It details the significant federal policy-driven acceleration in private investments within the EV ecosystem, highlighting that manufacturers have announced $198 billion in investments in various aspects of EV production, including vehicles, components, and battery recycling. The report outlines how federal policies, particularly the Inflation Reduction Act and the Bipartisan Infrastructure Law, have catalyzed these investments, with 65% of the total occurring since the IRA's passage in August 2022. Additionally, it notes the creation of 194,600 new jobs linked to these investments, with potential for up to 826,000 additional jobs in secondary employment. The report also discusses the concentration of investments across ten states and the political representation of congressional districts benefiting from these investments, emphasizing the importance of sustained federal support for ongoing projects.