A recent report from the Environmental Defense Fund (EDF) found Michigan has won $16.6 billion of projects creating 16,300 jobs, as a result of the Inflation Reduction Act (IRA) and the state’s economic development efforts. This follows encouraging studies, rankings and research from several leading organizations explaining that Michigan is leading the future of mobility and electrification.
The EDF report finds that more than $120 billion of investments in American electric vehicle manufacturing have been announced in the last eight years, creating 143,000 good-paying jobs nationwide. Michigan has secured $16.6 billion of that total, creating 6,300 jobs in the state building batteries and electric vehicles. The report also states that manufacturing, investments and jobs will continue to grow as a result of federal investments and incentives like the CHIPS and Science Act, the Inflation Reduction Act, and the Bipartisan Infrastructure Law, coupled with other state incentives, like the bipartisan Strategic Outreach and Attraction Reserve (SOAR) Fund established by Gov. Gretchen Whitmer.
By 2026, the U.S. is expected to produce 4.3 million new electric vehicles and enough batteries to supply 11.5 million vehicles. According to the U.S. Department of Energy, electric vehicle battery manufacturing capacity is projected to be close to 20 times greater by 2030 than 2021.