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Tuesday, March 14, 2023
New report highlights incredible opportunity to create manufacturing jobs, bring supply chains home
LANSING, Mich. - Today, Governor Gretchen Whitmer highlighted a recent report from the Environmental Defense Fund (EDF), which found that 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 and publications Michigan is leading the future of mobility and electrification.
“Michigan is on the move, and we have an extraordinary opportunity right now to create thousands of good-paying manufacturing jobs and bring supply chains home,” said Governor Whitmer. “We are bringing home $16.6 billion of projects creating 16,300 jobs building batteries and electric vehicles. At the state level, we will continue powering this growth through our bipartisan economic development fund, rich manufacturing heritage, and skilled workers. Together, we will make Michigan the undisputed leader in mobility and electrification and build a brighter future. Let’s get it done.”
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 SOAR fund established by Governor 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, and 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.
Michigan: A Battery, Electric Vehicle, & Clean Energy Powerhouse
Bringing Manufacturing Jobs & Supply Chains Home
Since 2019, Michigan has created over 35,000 auto jobs. Investments include:
The Road Ahead
With its legacy of automotive innovation and forward-thinking approach toward investment attraction and talent development, Michigan will be in the driver’s seat on the road to 2030 and beyond. Learn more about Michigan global leadership in transportation mobility and electrification at michiganbusiness.org/mobility.
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.
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