After 6 months since the Inflation Reduction Act’s (IRA) passage, 46,400 new jobs in electric vehicle (EV) production have been announced. This is in addition to the 48,000 new jobs announced between passage of the Bipartisan Infrastructure Law (BIL) (November 2021) and the Inflation Reduction Act (August 2022). From 2015 through November 2021, just 48,600 jobs had been announced. Therefore, two-thirds of all EV jobs announced since 2015 have come since passage of BIL and IRA. State leaders in total EV jobs announced include Georgia (19,400), Tennessee (18, 300), and Michigan (16,300). EV manufacturing capacity has increased 10x from 2021 to 2022 and is projected to increase 8x more from 2022 to 2026. Battery manufacturing capacity in the U.S. is also projected to skyrocket.
U.S. Electric Vehicle Manufacturing Investments and Jobs