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Manufacturers have invested billions in US EV and EV battery factories in the last year – here’s how it breaks down.

US EV investments

The passage of the Inflation Reduction Act (IRA) in August 2022 has served as a catalyst for rapid EV-related investment and job growth, and a newly released report from the Environmental Defense Fund (EDF) and engineering and design firm WSP USA breaks it down.

Since President Joe Biden signed the IRA into law, manufacturers have made more than $92.4 billion of concrete investments in EV and EV battery factories in the US.

And in the same time frame, more than 80,000 new direct US EV-related jobs have been announced. Some of these new jobs are for facilities that are already operating, and others are based on company announcements and are in the pipeline.

EDF researchers also noted rapid growth in US production capacity over the last six months. By 2026, US EV manufacturing facilities will be able to make about 4.7 million new passenger EVs annually – that represents 36% of all new vehicles sold last year. And by 2027, US facilities alone will be able to produce enough batteries to supply 12.2 million new passenger EVs each year, which represents 95% of new vehicles sold last year.

Where the EV factories are in the US

Just 10 states account for 88% of investments – and interestingly, a number of states in the top 10 are Republican-controlled. (No Republicans voted in support of the IRA.) The top 3 are:

  • Georgia, with $31.5 billion in EV investments and 33,600 jobs
  • Michigan, with $18.9 billion in investment and 19,700 jobs
  • Tennessee, with $18.4 billion in investments and 20,500 jobs

The next four states have more than $10 billion each in announced investments: South Carolina, Nevada, Kentucky, and North Carolina. Each now has between 10,000 and 20,000 announced new jobs.

Ohio, Arizona, and Indiana round out the top 10 states with more than $9 billion in announced investments each. Arizona’s announced investments increased by 260% from March – from $3.7 billion to $9.7 billion.

You can check out the report here.

Read more: Meyer Burger abandons German solar cell factory plans to build a US factory instead


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CATL launches the world’s first LFP battery with 470+ miles range and 10-minute charging

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CATL launches the world's first LFP battery with 470+ miles range and 10-minute charging

The EV battery giant is unlocking more driving range and faster charging, but without the hefty price tag. CATL launched its new Shenxing Pro on Monday, the world’s first LFP battery with over 470 miles (558 km) WLTP driving range and ultra-fast charging in 10 minutes.

CATL launches world’s first LFP battery with more range

At the Munich Motor Show, the global leader in electric vehicle batteries made its presence known. CATL introduced its new Shenxing Pro, deeming it “the world’s first LFP battery to deliver a 758 km WLTP range.”

The extended driving range is only a piece of it, however. CATL’s new battery is safer and features a record-breaking 12-year, 1,000,000 km lifespan, all while promising to lower costs.

It’s also now the fastest-charging battery in Europe, with 12C peak charging speeds. In just 10 minutes, the new battery can add nearly 300 miles (478 km) WLTP range.

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Even in frigid temperatures of –20°C (–4°F), CATL said its new battery can add over 250 miles (410 km) of driving range. When the battery is at a 20% state of charge (SOC), the Shenxing battery will deliver up to 830 kW, good for a 0 to 100 km/h sprint in just 2.5 secs.

CATL’s new LFP battery is built to last. After driving 200,000 km (125,000 miles), it only loses about 9% of its capacity. Plus, it’s covered by a 10-year/ 240,000 km warranty.

The new Shenxing battery is the first to use CATL’s new NP 3.0 (No Propagation) technology, which offers “the world’s best-in-class safety performance.” Featuring its new Wave Cells tech, CATL claims it’s also the world’s first LFP battery that allows cooling systems from any direction.

“With uncompromised range, charging, and durability, Shenxing Pro is the ultimate solution for electric mobility in Europe,” Dr. Lingbo Zhu, CTO of CATL’s International Business Unit, said at the event.

The new battery is part of CATL’s aggressive push into Europe. It’s already partnered with over 200 carmakers globally and more than 1,000 European suppliers, but it’s looking to play a bigger role. From simply exporting batteries, CATL aims to build them “in Europe, for Europe” in the early days, and eventually “of Europe,” it said, in the near future.

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The new 2026 Ford F-150 Lightning STX delivers more range, but keeps the same price

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The new 2026 Ford F-150 Lightning STX delivers more range, but keeps the same price

Ford just gave buyers what they have finally been asking for: More range without the higher price tag. The new 2026 Ford F-150 Lightning STX delivers just that.

The 2026 Ford F-150 Lightning STX packs more for less

The F-150 Lightning retook the title of America’s top-selling pickup from the Tesla Cybertruck earlier this year, widening its lead over the past few months.

For the 2026 model year, Ford is upping the ante and giving buyers what they want. Ford introduced a new STX trim for the 2026 F-150 Lightning lineup, a new entry-level model, but with more range.

The new variant replaces the current XLT model and brings some serious upgrades. Powered by dual electric motors, one on the front and the other mounted on the rear, the electric truck packs 536 horsepower (up from 452 hp in the outgoing XLT) and 775 lb-ft of torque. Not bad for an entry-level model.

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Ford-F-150-Lightning-STX
The 2026 Ford F-150 Lightning STX (Source: Ford)

It also features the larger, 123 kWh extended range battery, delivering an EPA-estimated 290 miles of range. That’s up from the 240 miles in the outgoing XLT model that used a 98 kWh battery pack.

Ford didn’t stop at that. It also raided the F-150 parts bin for some off-road upgrades. The new F-150 Lightning variant features off-road running boards from the Tremor, plus new wheels and all-terrain tires.

Ford-F-150-Lightning-STX
The 2026 Ford F-150 Lightning STX (Source: Ford)

It still has the classic F-150 pickup look, but the STX gains a fresh new grille design and hood graphics to help it stand out.

On the inside, the new variant features STX embroidered seats and a standard heated steering wheel, you know, for those long Michigan winters (or anywhere nowadays, it seems).

Ford-F-150-Lightning-STX-interior
The interior of the 2026 Ford F-150 Lightning STX (Source: Ford)

You can choose from several new exterior color options, including Argon Blue, Marsh Gray, and a Ruby Red Metallic Clearcoat.

Despite the upgrades, the new STX model will still have an MSRP of $63,345, the same as the outgoing XLT. Ford expects the STX variant to be one of the top-selling Lightning models next year. It will begin arriving at Ford dealerships across the US in early 2026.

With the 2026 model arriving soon, Ford is offering a few deals on current Lightning models you might be interested in. The 2025 F-150 Lightning XLT is listed for lease starting at just $258 per month right now. You can use our link to find offers on the Ford F-150 Lightning near you (trusted affiliate link).

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The Volkswagen ID.Cross delivers the ‘secret sauce’ as an affordable, sleek electric SUV

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The Volkswagen ID.Cross delivers the 'secret sauce' as an affordable, sleek electric SUV

Is the ID.Cross the low-cost SUV we’ve been waiting for? The Volkswagen ID.Cross debuted at the Munich Motor Show with the “secret sauce” as an affordable, stylish new electric SUV.

Meet the Volkswagen ID.Cross, an affordable electric SUV

Volkswagen is gearing up to unleash a new family of affordable electric vehicles, including the ID.Cross, ID.Polo, and an even smaller, entry-level EV model.

As the all-electric sibling to its best-selling T-Roc, the ID.Cross arrives as what could be the most important Volkswagen EV to date.

Volkswagen showcased a near-production ID.Cross concept at the Munich Motor Show on Monday, boasting the new electric SUV has that “secret sauce” with a stylish new design and perhaps, more importantly, an affordable price tag.

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Andreas Mindt, Volkswagen’s design boss, said the new design is based on three cornerstones: stability, likeability, and what he calls the “secret sauce,” which will be showcased on every upcoming model.

Volkswagen pulled design elements from some of its most iconic nameplates, including the Golf and minibus, as part of the new look.

Volkswagen-ID.Cross-affordable-SUV
Volkswagen brand CEO Thomas Schäfer and the ID.Cross affordable electric SUV concept (Source: Volkswagen AG)

Measuring 4,161 mm long, 1,839 mm wide, and 1,588 mm tall, with a wheelbase of 2,601 mm, the Volkswagen ID.Cross is about the size of the current T-Cross. Mindt said the electric SUV appears to be “smiling” with new graphics and a 3D light signature.

Although it’s a smaller SUV, Volkswagen promises it’s still an “all-rounder” with more interior space than you’d expect, with 450 liters of boot space.

The interior is designed as “a feel-good oasis,” according to Volkswagen. It features a lounge-style layout with new materials and various modes, including light, sound, and climate modes.

Two display screens, a 13″ infotainment and an 11″ driver display, sit at the center. Like the VW Bus, you can fold the seats completely flat to give you an open interior space.

Powered by a new version of its MEB platform, Mindt said the improvements are key to offering electric vehicles with “above-average” features at an affordable price.

The drive system features a 208 hp (155 kW) front-mounted electric motor. Although Volkswagen has yet to reveal final battery specs, it claimed the ID.Cross concept has up to 420 km (260 miles) WLTP driving range.

Adventure-seekers will appreciate its 1,200 kg max trailer weight and a ball coupling strong enough to carry two e-bikes (75 kg).

Volkswagen will unveil the production version next summer. It will follow the ID.Polo, set to debut in the first half of 2026. Prices will be revealed closer to launch, but the new VW ID.Cross will sit below the ID.4, which starts at about €34,855 ($41,000) in Europe.

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