The EV market is growing, with over 5 million EVs sold in the United States since 2010. Over 1.4 million plug-in EVs were sold last year, representing a 51% jump over 2023. Over 130 EV models are available today, and over 100 more are set to arrive by 2027. These models offer a variety of prices, capacities, and ranges, ensuring an EV to meet diverse driving needs.
Unprecedented investments are expanding U.S. manufacturing, charging infrastructure, grid capacity and jobs. Private investment in the U.S. electric drive value chain, from companies around the world, has grown to $265 billion since 2021. These investments will add economic benefits and jobs at over 450 new and existing sites (Atlas EV Hub).
Employment supported by battery electric vehicles represents the fastest growth of any energy technology – almost 17 times faster than the increase in gasoline and diesel vehicle employment (USEER). The electrified vehicle segment – hybrids, plug-in hybrids, battery EVs and fuel cell EVs – supports 373,605 American jobs according to the most recent United States Energy Employment Report (USEER). And critical segments in the EV ecosystem, including energy storage, grid technologies and modernization, support 146,811 American jobs, while electricity transmission and distribution support more than 703,000 jobs (USEER).