The electric vehicle (EV) industry in the United States allows Americans to choose how they power their vehicles, creates domestic manufacturing jobs, and protects American economic and national security.
The impact of the EV industry on America’s economy has already been substantial:
- Over $8 billion in federal funding has fostered $200 billion in additional private investment
- Over 235,000 new jobs have been announced in communities across America
However, the American automotive industry and our national security is at risk. Investments included in the Inflation Reduction Act (IRA) that are crucial to revitalizing domestic industry, creating well-paying and secure American jobs, and ensuring we can remain competitive in the global manufacturing sector are under threat.
We can still turn the tide, but we must act now.