Displaying items by tag: electric vehicle growth in southeast

Georgia and North Carolina lead EV investment and jobs; Florida tops market share and growth; Tennessee and Alabama lag behind

Stan Cross leads the Southern Alliance for Clean Energy dynamic Electric Transportation Team. 

KNOXVILLE — Misinformation about the technology and the state of the electric-vehicle market is rampant. But beyond the noise are the facts, which show that the Southeast’s EV market is zipping along.

The Southeast continues to lead the nation in electric vehicles and battery-related jobs and private-sector investments. As of the end of 2024, updated data from the fifth annual Transportation Electrification in the Southeast report found that the region is home to a whopping 38 percent of the nation’s $215 billion in announced private-sector EV and battery investments and 31 percent of the anticipated 238,000 jobs. Georgia remains No. 1 in anticipated jobs and committed investments, with North Carolina a close second.  

These investments deliver economic development and employment to our region’s rural communities. Toyota’s $13.9 billion battery manufacturing facility in Randolph County, North Carolina, is at the top of the rural economic development list. The facility is expected to create 5,100 jobs and is the nation’s most valuable clean energy investment. Hyundai has made the second-largest regional investment at its battery manufacturing and EV assembly plant in Bryan County, Georgia. That investment tops $6 billion and is expected to create 3,400 jobs. It has had a massive ripple effect, with Hyundai suppliers announcing more than $2.7 billion in investments and an anticipated 6,900 jobs across the state.