The electric vehicle (EV) industry is no longer a niche market—it is a driving force in the U.S. economy. From job creation and infrastructure investments to energy independence and innovation, EVs are shaping the future of transportation and economic growth.
At A10 Associates, we help our clients navigate the evolving landscape of transportation, infrastructure, and technology. We also help them get their message out. Our latest white paper, “Electric Vehicles and the United States Economy,” takes a deep dive into the economic impact of the EV sector, providing a data-driven analysis of how this industry is transforming communities across the country.
Key Takeaways from the White Paper
1. EV Investments Are Accelerating Economic Growth
- Nearly $199 billion has been invested in EV and battery manufacturing over the past decade.
- 63% of these investments have occurred in just the last two years, demonstrating rapid sector growth.
- The expansion of the EV charging network is creating new infrastructure projects and long-term economic benefits.
2. The EV Industry Is a Major Job Creator
- Over 188,000 EV-related jobs have already been announced in the U.S.
- The ripple effect of EV and battery manufacturing is expected to generate an additional 931,000 indirect jobs across the economy.
- States across the political spectrum are embracing EV investments as a way to boost employment and economic development.
3. Strengthening Energy Independence & Innovation
- The EV industry is helping the U.S. reduce reliance on foreign oil by promoting clean energy alternatives.
- Growth in EV infrastructure is supporting advancements in grid modernization, battery storage, and renewable energy integration.
- Investing in EV technology fosters innovation, making the U.S. a leader in next-generation transportation solutions.
Why This Matters for Businesses & Policymakers
As the Inflation Reduction Act (IRA) reaches its one-year milestone, the momentum in EV investment is undeniable. Businesses involved in manufacturing, infrastructure, transportation, and energy should be aware of the opportunities created by this shift.
For policymakers, understanding the economic benefits of EVs can inform legislation and funding decisions that drive job creation and sustainable growth.
Get the Full White Paper
Our white paper provides a comprehensive analysis of how EVs are shaping the U.S. economy. Whether you are a business looking to capitalize on new opportunities or a policymaker crafting forward-thinking regulations, this report offers valuable insights.
Interested in accessing the full report? Visit our client’s website and register to read it.
At A10 Associates, we’re committed to helping our clients stay ahead in an evolving economic landscape. Let’s shape the future together.
