Report Shows $120B Invested in Manufacturing EVs Within the US
According to a recent report by the Environmental Defense Fund and WSP USA, the IRA and other national measures have stimulated already booming investments in EV production facilities as well as batteries used in powering them in the United States. Investment totaling more than $120 billion and 143,000 newly created jobs in the manufacturing industry in the United States have indeed been reported during the past eight years. More than 40 % of the announcements have occurred in the past six months, after the Inflation Reduction Act's adoption. According to Peter Zalzal, a vehicle manufacturing renaissance in America has begun in…