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Investing in the Future
Kentucky is quickly becoming an industry leader in electric vehicle (EV) manufacturing, EV battery production, and is leading the charge to develop the infrastructure needed to support the growth in this field. With substantial funding over the next couple of years, EV-related jobs will emerge for many Kentuckians along with many other economic development opportunities.
Since June 2020, Governor Beshear has overseen over $11.6 billion in EV-related investments, with over 10,125 full-time jobs announced. This includes the two largest economic development projects ever in Kentucky, the Ford Motor Co. and SK On (BlueOvalSK Battery Park) with a $5.8 billion investment and 5,000 jobs and Envision AESC, a $2 billion investment and 2,000 jobs.
Automotive
Kentucky is poised for significant investment in the coming years as the Commonwealth positions itself as a national leader in the growing electric vehicle (EV) market and in EV battery production. Visit the Cabinet for Economic Development to learn more about auto industry jobs and investments in Kentucky:
Electric Vehicle Manufacturing in Kentucky | Cabinet for Economic Development
EV-Related Investment
Since June 2020, Governor Beshear has seen over $11.6 billion in EV-related investments, with well over 10,125 full-time jobs announced. Notable announcements include:
- Ford Motor Co. and SK On (BlueOvalSK Battery Park):
$5.8 billion investment and 5,000 jobs - Envision AESC:
$2 billion investment and 2,000 jobs - Toyota Motor Manufacturing, Kentucky (TMMK):
$1.3 billion investment and 700 jobs - Ascend Elements:
$1.0 billion Phase 1 investment and 400 jobs - Microvast Advanced Membrane:
$504 million investment and 562 jobs - LOTTE Aluminum Materials USA Group:
$238.7 million investment and 122 jobs - Hitachi Automotive Electric Motor Systems America:
$94.8 million investment and 162 jobs - Firestone Industrial Products:
$51 million investment and 250 jobs - Martinrea Hopkinsville:
$31.2 million investment and 33 jobs - Piston Automotive:
$24.9 million investment and 67 jobs - Rivian:
$10 million investment and 218 jobs