2023 Has Been A Historic Year For American Manufacturing Thanks To Democrats’ Inflation Reduction Act

TIME: How the Inflation Reduction Act Has Reshaped the U.S.—and The World

AP: One Year Old, US Climate Law Is Already Turbocharging Clean Energy Technology

Electrek: The First Solar Panel Factory Built Since The Passage Of The IRA Is Complete

The Inflation Reduction Act is already paying huge dividends for the American people – in 2023, dozens of companies have announced they will invest in the United States, creating jobs, supporting our economy, and bringing back American manufacturing.

According to the White House, private companies have announced more than $600 billion in investments under this administration – including $152 billion in EVs and batteries and $74 billion in clean energy manufacturing. Thanks to landmark legislation passed by Senate Democrats, 2023 has been a year of historic investment across the country.

Associated Press: Business Group Estimates Several Hundred Thousand Clean Energy Jobs In EV, Battery Storage And Solar.  “A nonpartisan business group that advocates for clean energy estimates that 403,000 jobs will be created by the 210 major energy projects announced since the Inflation Reduction Act took effect in mid-2022. At least $86 billion in investments have been announced, with the biggest job gains in expected in the electric vehicles, battery storage and solar energy sectors, said the report issued Wednesday by Environmental Entrepreneurs (E2). The IRA, signed August 2022, contains $500 billion in new federal spending to lower healthcare costs, increase tax revenues and address climate change by offering incentives so clean tech companies innovate and manufacture in the U.S.” [Associated Press, 11/1/23]

Forbes: North Carolina Becomes A Mecca For Green Energy Investments. “Toyota is investing $14 billion in an electric vehicle battery manufacturing plant in North Carolina, creating 5,000 jobs. The Liberty, N.C. facility goes live in 2025 — a byproduct of federal laws passed since 2021. The CHIPS Act, Infrastructure Investment and Jobs Act, and the Inflation Reduction Act have driven multiple high-dollar deals in North Carolina — investments worth at least $1 billion and 1,000 jobs each. At any given time, the state’s economic developers are in talks with a dozen advanced manufacturing facilities seeking to expand.” [Forbes, 11/13/23]

Electrek: The First Solar Panel Factory Built Since The Passage Of The IRA Is Complete. “Solar giant Qcells announced today that it’s completed the expansion of its Dalton, Georgia, factory – what it calls the ‘largest manufacturing plant of its kind in the western hemisphere.’ It’s also the first solar panel factory to be built since the passage of the Inflation Reduction Act.” … “Justin Lee, CEO of Qcells, said that the ‘Inflation Reduction Act and the efforts of Georgia’s economic development team helped make these ambitious plans possible, and with it thousands of careers in clean energy.’” [Electrek, 10/18/23]

Associated Press: One Year Old, US Climate Law Is Already Turbocharging Clean Energy Technology. “On August 16, after the hottest June ever recorded and a scorching July, America’s long-sought response to climate change, the Inflation Reduction Act, turns one year old. In less than a year it has prompted investment in a massive buildout of battery and EV manufacturing across the states. Nearly 80 major clean energy manufacturing facilities have been announced, an investment equal to the previous seven years combined, according to the American Clean Power Association.” [Associated Press, 7/23/23]

Axios: The New Climate Law Is Upending The Solar Landscape. “The year since passage of the big climate law has brought over $100 billion in U.S. solar and storage company investments. New data from the Solar Energy Industries Association — a major industry trade group — on private investment suggests the law's subsidies for manufacturing and generation are significantly boosting industry activity levels.” [Axios, 8/14/23]

CNN: Biden’s Climate Law Has Led To 86,000 New Jobs And $132 Billion In Investment, New Report Says. “A year after Democrats passed their sweeping $750 billion climate and health care law, it’s leading to a surge of clean energy projects and job creation, according to a recent Bank of America report. More than 270 new clean energy projects have been announced since the passage of the Inflation Reduction Act (IRA), with private investments totaling $132 billion, according to the report. These investments are expected to be accompanied by more than 86,000 jobs, including 50,000 jobs related to electric vehicles. The Inflation Reduction Act “is not only working to strengthen supply chains but also to boost domestic manufacturing and create new jobs,” Bank of America said in the report.” [CNN, 8/14/23]

NPR: Plugged In: How The IRA Is Changing America. “It's been nearly a year since the Inflation Reduction Act of 2022 narrowly passed. President Joe Biden's sweeping climate bill has high hopes for fighting climate change, including a pledge to cut U.S. emissions in half by 2030. Some initiatives are working. Solar and wind energy are cheaper and the IRA is also providing tax credits to promote the use of electric vehicles.” [NPR, 8/14/23]

TIME: How the Inflation Reduction Act Has Reshaped the U.S.—and The World. “Across the country, the IRA has spurred hundreds of billions of dollars in investment in clean technology. Lithium-ion battery makers are opening factories near auto industry hubs to serve the growing electric vehicle market. Solar manufacturers are setting up shop in red states like Georgia. And old-school oil companies are investing in hydrogen. ‘It's a transformation of the economy,’ says John Podesta, President Joe Biden’s senior advisor charged with implementing the IRA. The IRA, which will mark one year since its signing on Aug. 16, is a classic piece of D.C. lawmaking.” [TIME, 8/11/23]

Fast Company: $278 Billion And 170,600 Jobs: How Biden’s Landmark Climate Bill Changed The Economy. “When the Inflation Reduction Act (IRA) was signed into law on August 16, 2022, the monumental bill came with a slew of notable numbers: $369 billion for climate and energy investments, up to $7,500 in tax credits for the purchase of new electric vehicles, the promise of “millions” of well-paying clean energy jobs. A year later, there are now a handful of numbers to quantify the impact the bill is already having. The full effect of the Inflation Reduction Act isn’t meant to be immediate—its climate incentives extend over a 10-year period, and it has a long-term goal of reducing carbon emissions by 40% by 2030. But just one year in, climate groups are tallying up a significant amount of successes.” [Fast Company, 8/15/23]

GreenBiz: U.S. Job Growth Surges With The IRA. “If you’ve followed coverage of the Inflation Reduction Act (IRA) in the past year, you definitely know this number: $369 billion. Touted by one and all as the amount of money invested in climate action and energy security programs by the law, $369 billion has become a mainstay in IRA discourse. But $369 billion is no longer the most accurate number to cite, according to the Congressional Budget Office. Its latest calculations increase the total to $391 billion through 2031. Now that the IRA has been the law of the land for one year, it’s not surprising that numbers are transitioning from projected to actualized. And nowhere is that better illustrated than in job growth.” [GreenBiz, 8/9/23]

CleanTechnica: Solar & Storage Companies Add Over $100 Billion To U.S. Economy As A Result Of The Inflation Reduction Act. “Since the Inflation Reduction Act (IRA) passed one year ago, U.S. solar and storage companies have announced over $100 billion in private sector investments, helping bolster the American economy, according to new analysis released today by the Solar Energy Industries Association (SEIA). Solar and storage manufacturing is now surging in the United States, as 51 solar manufacturing facilities have been announced or expanded in the last year.” [CleanTechnica, 8/14/23]

Read more about the historic investments happening all across America:

FOLLOWING PASSAGE OF THE INFLATION REDUCTION ACT, AUTOMAKERS ARE BRINGING NEW AUTO MANUFACTURING FACILITIES TO THE U.S., CREATING THOUSANDS AND THOUSANDS OF JOBS.

WYFF 4 (SC): Hundreds Of New Job Coming To Laurens County, South Carolina

KXLY (WA): New Manufacturing Plant To Make Electric Vehicles More Affordable, Create Jobs In Moses Lake

Buffalo News (NY): GM To Invest $300M In Tonawanda, On Top Of $200M In Lockport And Rochester  

WSBTV: Hyundai, Kia Supplier To Bring 100 New Jobs To Coweta Co. With New Manufacturing Facility

Reuters: Tesla Supplier Hota To Build First US Factory In New Mexico

WGXA (GA): South Korean Auto Supplier Hwashin To Launch New Facility In Dublin, Bringing Over 460 Jobs

Associated Press: Auto Parts Maker Shinhwa Plans $114M Expansion At Alabama Facility, Creating Jobs

Reuters: Kia To Invest $200 Million In US Plant, Build EV9 SUV In 2024

WGXA News (GA): EV Parts Manufacturer To Build First U.S. Facility In Laurens County Creating 130 Jobs

Center Square: Toyota To Invest Nearly $600M To Build Electric SUVs In Kentucky

Spectrum News: EV Maker Rivian Investing $10M, Creating 218 Jobs In Bullitt County

Electrek: Bosch To Acquire TSI Semiconductors, Injecting $1.5B To Meet SiC Chip Demand For Evs

The Detroit News: Magna Planning New $100M Auburn Hills EV Seating Plant With 500 Jobs

Crains Detroit: Borgwarner To Invest $20.6 Million, Create 186 Jobs In Metro Detroit

Columbus Dispatch: Honda Marysville's Plant To Lead Way To Automaker's Electric Future

TechCrunch: VW-Backed Scout Motors To Build $2B Factory In South Carolina

Detroit News: Stellantis To Invest $155m In Indiana For Electric Drive Units

Reuters: Nissan Raises Global EV Targets; To Boost U.S. Input

Reuters: Audi Mulls U.S. Plant As IRA Subsidies Draw Carmakers

THE INFLATION REDUCTION ACT IS INCENTIVIZING BATTERY MANUFACTURING IN THE U.S., SHORING UP SUPPLY CHAINS AND PROMPTING INVESTMENTS AND NEW JOBS ACROSS THE COUNTRY.

WFMY News 2 (NC): Dai Nippon Set To Create 352 New Jobs And Invest Hundreds Of Millions In Linwood

News On 6 (OK): Company Planning To Build Lithium Refinery In Oklahoma

PV Magazine: Fortescue Continues U.S. Expansion With New Clean Energy Manufacturing Plant

WRAL Tech Wire: Battery Manufacturer Picks Morrisville For New ‘Gigafactory,’ 200+ Jobs

Electrive: Mullen To Produce Battery Packs In Fullerton, California

WEVV (KY): NEO Industries Inc. Bringing 20 New Jobs To Ohio County With $12.4M Expansion

WECT (NC): Company That Produces Materials For Electric Vehicle Batteries To Build Facility, Create 500 Jobs In Brunswick Co.

CNBC: Stellantis, Samsung SDI To Build $3.2 Billion EV Battery Plant In Indiana

Fox 17 Online (MI): Toyota, LG Energy Solution Announce $3B Investment In West Michigan Battery Plant 

ABC News: Toyota More Than Doubles Investment And Job Creation At North Carolina Battery Plant

WRAL Tech Wire (NC): ‘North Carolina Had Everything To Offer’ For Electric Battery Materials Plant That Will Create 500 Jobs

Chicago Tribune (IL): Stellantis-UAW Deal Will Bring $5B Investment To Belvidere

Wall Street Journal: Samsung SDI To Invest $2 Billion In Second Stellantis Battery JV Plant

WHAS 11 (KY): A New Battery Recycling Facility Will Deepen Kentucky's Ties To The Electric Vehicle Sector

Reuters: Cummins, Daimler, PACCAR Form Joint Venture For US Battery Cell Production

Associated Press: Hyundai And LG Will Invest An Additional $2B Into Making Batteries At Georgia Electric Vehicle Plant

Electrek: A New EV Battery Cell Electrode Factory Is Coming To The US

Richmond Register (KY): $153 Million Hitachi Investment Bringing 167 Jobs To Berea                                                                                  

WBBJ (TN): Electrolyte Manufacturer To Bring Nearly 200 Jobs To Haywood County

Memphis Business Journal (TN):  Brownsville Scores $152M, 190-Job Plant To Supply Critical EV Battery Component

Associated Press: South Korean Firm Plans $72M Georgia Plant To Make Battery Parts, Hiring 140

Bloomberg: Ford Gets $9.2 Billion to Help US Catch Up With China’s EV Dominance

Associated Press: South Korean Firm Plans $72M Georgia Plant To Make Battery Parts, Hiring 140

CBS News: GM, Samsung Plan To Build Electric Vehicle Battery Plant In New Carlisle, Indiana

Associated Press: Toyota To Build $50 Million Lab In Michigan To Test Batteries For Electric And Hybrid Vehicles

My Fox 8 (NC): Toyota Ups Investment For Future Battery Plant At Greensboro-Randolph Megasite To $5.9 Billion

WV Metro News: U.S. Energy Secretary Touts Federal Incentives At Groundbreaking For W.Va. Battery Plant

Fox 28 Savannah (GA):  Joint Partnership Between Hyundai, LG To Bring 3,000 Jobs To Georgia With Battery Plant

The Telegraph (GA): Maker Of EV Battery Materials Coming To Southwest Georgia With $800 Million Investment

Reuters: GM, Samsung SDI To Invest More Than $3 Bln To Build Joint EV Battery Plant In US

Upstate Business Journal (SC): Borgwarner Announces $42.7M Investment To Expand Oconee County Operations

Jackson Sun: 6K Energy To Bring World's First UniMelt Plasma Plant To Jackson, Creating 230 Jobs

WKYUFM (KY): EV-Related Company Plans $500 Million Facility In Hopkinsville, Kentucky’

WBKO (KY): New $264m Manufacturing Facility, Enervenue, Coming To Shelby County

WIBQ (IN): Entek’s Investment To Transform Terre Haute Economy

NY Times: LG Will Spend $5.5 Billion on a Battery Factory in Arizona

WLTX (SC): $1.3B Investment, 300 Jobs Coming To Chester County

Nikkei Asia: Foxconn Says It Will Build EV Batteries In Wisconsin And Ohio

Atlanta Journal Constitution: Hyundai Supplier PHA To Build Factory Near Giant Coastal EV Metaplant

Clarksville Online: Dongwha Electrolyte USA Inc. To Locate Manufacturing Operations In Clarksville Tennessee

ABC 15: New Lithium-Ion Battery Recycling Plant Planned For Pinal County

CNBC: Goldman-Backed Battery Firm Northvolt Earmarks Next Quarter For U.S. Factory

Detroit News: Ford Details $3.5 Billion Electric Vehicle Battery Plant To Be Built In Marshall 

CNBC: GM To Invest $650 Million In A Lithium Company To Support Its Electric Vehicle Business

Bowling Green Daily News (KY): Plant supporting EV batteries coming to Franklin

Reuters: Cirba Solutions To Pour $300 Mln Into South Carolina Battery Recycling Plant

Reno Gazette Journal (NV): Tesla to build $3.6 billion battery, electric semi truck manufacturing facility in Northern Nevada

PV Magazine: Statevolt Acquires Land For 54 Gwh Lithium-Ion Battery Gigafactory

THE INFLATION REDUCTION ACT’S EMPHASIS ON RENEWABLE ENERGY HAS PROMPTED INVESTMENTS ACROSS THE U.S. THAT WILL HELP GROW OUR ECONOMY AND BRING MANUFACTURING BACK TO AMERICA WHILE COMBATING CLIMATE CHANGE.

NP Telegraph (NE): Lincoln's Nelnet To Build Solar Facility In Grand Island.

ABQ Journal: Array Technologies Announces $50 Million New Mexico Expansion

The Virginian-Pilot: Norfolk’s Lyon Shipyard Adding Over 130 Jobs As Part Of $8.5 Million Expansion Related To Offshore Wind Projects

Solar Power World: OMCO Solar Opens 6th US Factory Producing Racking And Trackers

Indiana Business Journal: Solar energy company plans $35M plant, 240 new jobs in Indianapolis

12 News Now: A New Wind Farm In Port Arthur Will Be Bringing Over 4K Jobs To The Area

Reuters: Siemens To Make Solar Energy Equipment For US Market In Wisconsin

CNBC: First Solar Announces Fifth U.S. Factory As Inflation Reduction Act Fuels Domestic Manufacturing

The Coloradoan: Vestas to expand Windsor plant for new line of wind turbines

Reuters: Exclusive: Group Backed By India's Vikram Solar To Invest $1.5 Billion In New US Factories

Denver Gazette (CO): $250 Million Solar Panel Plant Headed For Brighton, Bringing 900 Jobs

Electrek: This Cement Company Is Installing A 25 MW Onsite Solar Farm

Journal Review (IN): Nucor Announces $115M Investment In Utility Structures Manufacturing Facility

KFVS 12 (IL): Company plans to invest $54M with new manufacturing facility in Mt. Vernon; create more than 60 jobs

Times Union (NY): GE Hiring 200 For New $50 Million Turbine Line In Schenectady

Shreveport Times (LA): A Company Is Expanding Their Footprint In Shreveport By $28.5 Million

The Gazette (CO): Pueblo Economy 'Growing' With Expansion Of World's Largest Wind Tower Manufacturing Site

The Center Square: First Solar-Powered Cobalt Factory In The U.S. Planned For Yuma

Bloomberg: US Solar Capacity Gets Boost From $147 Million Hanwha Plant

Dallas Morning News: Dallas Firm Arcosa Brings In $750 Million Of Wind Tower Orders

CT Insider: CT Manufacturing Company Looks To Add 45 Jobs

Wall Street Journal: A New York Town Once Thrived On Fossil Fuels. Now, Wind Energy Is Giving A Lift

WV News: West Virginia, Company Leaders Break Ground On BHE Renewables $500 Million Complex In Jackson County

Ohio Capital Journal: Made-In-Ohio Solar Panels Benefit From Federal Incentives, Supply Chain Politics

Business Facilities: Nucor Plans $125M Advanced Manufacturing Facility In Alabama

Power Technology: Siemens Gamesa Plans To Build Production Facility In New York

Utility Dive: First Solar Brings US Manufacturing Investment To $4B After Selling Out Of Panels Through 2025

Times Union (NY): GE Wants To Build Offshore Wind Turbine Parts At Port Of Coeymans

Texas Tribune: A Texas Project Hopes To Turn Water Into Fuel For Cars, Planes, Ships And Trains — Using Wind

Recycling Today: Nucor Rolling Mill Starts Operating

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