North Carolina is quickly becoming the most significant player in the global EV movement and broader green revolution with Toyota’s recent announcement of their $8 billion electric vehicle battery manufacturing plant, Epsilon Advanced Material’s newly announced $760 million facility, Wolfspeed’s upcoming $5 billion semiconductor plant, and Vietnamese electric auto maker VinFast’s $2 billion investment in our state.
“Our progress has made sure our state continues to be the best place for people to live, learn, work and raise a family. I’ve never been more excited about North Carolina’s future,” said Governor Cooper in a press release.
Additionally, Forza X1 is investing $10.5 million in an electric-powered boat and motor manufacturing facility, and Boom Supersonic plans to invest over $500 million in sustainable aviation in North Carolina.
So far this year, our state announced a total of 28,300 new jobs across over a dozen headquarter moves and major expansions related to the green movement. CNBC even ranked the Tar Heel state as the #1 state in America to do business in.
The state’s skilled workforce, ranging from laborers to engineers, has been crucial in attracting these investments. North Carolina’s commitment to renewable energy, with a 52% increase in production over the past 5 years and significant solar and wind energy capacity, has also played a major role in the recent trend.
These developments are part of North Carolina’s long-term economic strategy, which includes investments in education, regulatory reforms, and infrastructure improvements like the expansion of Charlotte Airport and highways. This approach positions North Carolina as a potential model for economic development and modern business attraction.
What do you think about North Carolina’s green energy dominance?
