Electric cars are dominating the global new car market
Electric cars now control over 10% of the global market, with Tesla, Hyundai, Ford, and Volkswagen leading the way. While China and Europe enjoy the greatest EV market share, Georgia and Ohio are powerful new American manufacturing hubs.
Shift to EVs Triggers Biggest Auto-Factory Building Boom in Decades
The U.S. auto industry is entering one of its biggest factory-building booms in years, a surge of spending largely driven by the shift to electric vehicles and new federal subsidies aimed at boosting U.S. battery manufacturing.
Honda to Build Massive $4.4 Billion EV Battery Plant in Fayette County, Ohio
Honda is partnering with the world’s largest electric vehicle battery maker, LG Energy Solutions, to build a cutting-edge electric vehicle battery plant in Fayette County, Ohio. The facility, scheduled to be up and running in 2025, will hire over 2000 well-paid tech workers.
EV Share of US Automarket Exploding (Tesla’s Share Shrinks)
The US electric car market is taking off, and multiple EV manufacturers are hot on Tesla’s heels.