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EV Industry Facts
Kentucky continues to lead the way with electric vehicle (EV) infrastructure, quickly becoming an industry leader in the field and the opportunities for Kentuckians will continue to grow. With great funding support coming to the state over the next couple of years, EV-related jobs will emerge for many Kentuckians along with many other economic development opportunities.
EV Industry Facts
Kentucky continues to lead the way with electric vehicle (EV) infrastructure, quickly becoming an industry leader in the field and the opportunities for Kentuckians will continue to grow. With great funding support coming to the state over the next couple of years, EV-related jobs will emerge for many Kentuckians along with many other economic development opportunities.
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 CED’s site below 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 $10.68 billion in EV-related investments, with well over 10,100 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 - 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 - LOTTE Aluminum Materials USA Group:
$238.7 million investment and 122 jobs - Ascend Elements:
$1.0 billion Phase 1 investment and 400 jobs - Microvast Advanced Membrane:
$504 million investment and 562 jobs - Rivian:
$10 million investment and 218 jobs - Toyota Motor Manufacturing, Kentucky (TMMK):
$591 million investment and 700 jobs