State EV Investments and Incentives
Financial disclosures vary by state, and some withhold data at the behest of a company or to stay competitive against other states. This makes the full picture of corporate incentives incomplete, but below are estimates compiled by Bloomberg. Some subsidies and incentives may still be subject to state or local approvals or could be challenged in court.
| Company | State | Investment | Subsidies | Jobs | |
|---|---|---|---|---|---|
| GM | Michigan | $6.6 Bln |
|
$1.8 Bln | 4,050 |
| Ford | Tennessee | $5.6 Bln |
|
$2.4 Bln | 5,800 |
| Hyundai | Georgia | $5.5 Bln |
|
$1.8 Bln | 8,100 |
| Rivian | Georgia | $5.0 Bln |
|
$1.5 Bln | 7,500 |
Source: Bloomberg
Michigan Gov. Gretchen Whitmer wasn’t happy. Ford Motor Co., a company whose very name is synonymous with Detroit, had just announced it had chosen two southern states, Tennessee and Kentucky, as sites for an $11 billion electric-vehicle project.
