$120B invested in EV manufacturing - 40% of that since IRA & 73% of that since IIJA

That's the amount of EV-related manufacturing investments — vehicles, batteries, and components — in the U.S. announced over the past eight years, per new analysis.

Why it matters: About 40% has surfaced since passage of the big climate law, signaling how the major tax incentives are speeding investment, per the Environmental Defense Fund and the firm WSP.

Over the last 8 years, manufacturers have announced over $120 billion in concrete investment in U.S. EV and EV battery manufacturing facilities. Federal policies have dramatically expanded and accelerated these investments: 42 percent of announced EV investments have occurred in the last 6 months since passage of the IRA and 73 percent have occurred in the last 15 months since passage of the Bipartisan Infrastructure Law.

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