The electric vehicle (EV) market is growing rapidly, with vehicle and battery manufacturers committing to invest nearly $1.2 trillion globally in the transition from gas-powered to EVs. Of this total, $312 billion is expected to be invested into U.S. manufacturing, with nearly 71 percent of that amount – $223 billion – already allocated to specific facilities and initiatives. As the industry enters a critical period in the EV transition, Atlas Public Policy has analyzed the latest press releases, company earnings reports, and public resources to provide insights into global investment in EV manufacturing and how the investment environment has evolved since our last report on this topic in January 2023.
This work was supported by the Natural Resources Defense Council.
