EV Plant Incentives By the Numbers

What is happening? The numbers behind the Electric Vehicle manufacturing in the U.S.:

• Since 2021, at least $50 billion on electric vehicle plants has been announced
• Since 2021, the $50 billion is spread across 10 states
• $10.8 billion in economic development incentives promised
• $11 billion Ford electric-vehicle project in Kentucky & Tennessee
• $1 billion fund for corporate subsidies created by Michigan Legislature
• $6.6 billion electric-truck factory and battery plant chose Michigan with development incentives from the state
• $414,000 spent for each direct job at Ford’s Tennessee EV manufacturing hub
• $450,000 per GM job will be contributed by Michigan
• $212,000 per job will be foregone by Georgia to win megaprojects from Rivian Automotive Inc. and Hyundai Motor Co. in the past two years

Why is this important? Michigan created an economic development fund to land the GM plant. The fund was created in reaction to Ford choosing Tennessee and Kentucky.

Governing | America’s Billion-Dollar Bidding War for Electric Vehicle Plants