The federal government based upon several new programs creates opportunities for Electric Vehicle related companies and corporate site location projects. The Inflation Reduction Act of 2022 (IRA) provides over $320 B in incentives designed to increase clean energy production in the United States, support energy innovation, and encourage investing in disadvantaged communities and projects that […]
EV companies considering a supply chain investment need to negotiate for economic development incentives. All states will use economic development incentives to attract EV suppliers but Ohio offers a worthy model for review. Ohio offers extended local property tax abatements and Tax Increment Financing (TIF), construction materials sales tax exemptions, and special state economic development […]
While the location of large-scale EV battery production facilities may slow in 2024, the development of the EV battery supply chain for existing EV battery facilities will not. As the map of the EV Battery Belt from the Federal Reserve Bank of Dallas illustrates, EV battery facilities have been announced and are developing across the […]
Workforce development still matters when it comes to attracting Electric Vehicle (EV) battery production and suppliers. A two percent drop in the U.S. civilian labor participation rate driven by the expedited retirement rates of the Baby Boom generation spurred by COVID-19 keeps the availability of skilled workers a central issue for companies with existing and […]
Situated at the forefront of innovation, the Midwest emerges as a strategic hub for the electric vehicle (EV) industry. Boasting a rich automotive manufacturing legacy and proximity to the largest fresh surface water system on earth (Great Lakes), the region provides an ideal environment for companies venturing into electrification manufacturing. The LG EV facility offers […]