Automotive

Building Boom In The US

The best time to build your new EV factory was 10 years ago… but the 2nd best time was 9 years ago. Seriously, why did everybody wait this long to get started?
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Building Boom In The US

The US auto industry is experiencing a building boom.
Not a car-building boom or even a battery-building boom. A factory building boom.

The trajectory of 2023? 2022 saw over $33B invested in assembly plants and battery-making factories. Considering 2021's $37B in investments and the new EV tax credit laws, it is easy to expect 2023 to follow or exceed the trend.

New High Score. Current investment levels far exceed 2017's $9B, more than 8x the investments of 20 years ago. About two-thirds of the investments are in the South.

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