Record-breaking incentives, changing consumer preferences, increasing electric vehicle alternatives, and growing manufacturing starts have led to an increasing number of equipment finance companies funding the capex needs of EV manufacturers.Some key EV sector highlights include:There are 433 total EV manufacturing facilities in the U.S. (up from 104 in 2018)$176 billion in EV investments have been announcedThe EV manufacturing space has created 228,000 new jobs /*! elementor - v3.20.0 - 26-03-2024 */ .elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=".svg"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block} With heavy concentration around the I-75 corridor from Michigan through Georgia and a strong presence in the Southeast overall, geographic centers of excellence in this sector are building. In addition to these points, Secured Research offers a listing of all U.S.-based EV capital investments so far in 2024 below:AnnouncedCompanyParent CompanyStateManufacturing Focus3/13/24ANPAdvanced Nano ProductsKYBatteries3/11/24SemaConnectBlink Charging Co.MDEV Charging3/7/24RivianRivian Automotive Inc.GALight-Duty (Class 1-2)3/7/24RivianRivian Automotive Inc.ILMultiple Classes3/6/24LT Precision MichiganLT PrecisionMIParts2/26/24Fujihatsu & ToyotsuFujihatsu & Toyotsu Battery ComponentsNCParts2/26/24SchaefflerSchaefflerOHParts2/16/24Jing-JinJing-Jin ElectricMIParts2/9/24MackVolvo AGVAMedium-Duty (Class 3-6)2/6/24ToyotaToyota Motor CorporationKYBatteries2/6/24ToyotaToyota Motor CorporationKYLight-Duty (Class 1-2)1/31/24Livingston EnergyLivingston Energy GroupNYEV Charging1/25/24Redwood MaterialsRedwood MaterialsSCBattery Recycling1/22/24TAB USATABMOBatteries1/18/24AcceleraCumminsMSBatteries1/18/24Daimler Trucks & BusesDaimler Truck AGMSBatteries1/18/24EVE EnergyEVE EnergyMSBatteries1/18/24PaccarPaccarMSBatteries1/15/24LG Energy SolutionLG CorporationTXEV Charging1/12/24UnitechUnitech Co., Ltd.TNPartsCould the EV manufacturing surge be a powerful opportunity for equipment financing in 2024 and beyond? Stay close to your Suite membership, as we will look to update these EV announcements quarterly.