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Author:  and   Published: May 16, 2024 • Updated June 11, 2025  Deep Dive-Manufacturing

The landmark legislation has sparked a new wave of clean energy manufacturing. This database tracks major IRA-linked investments for projects in electric vehicles, solar and more on a monthly basis.

Construction workers at Toyota's EV battery plant in North Carolina.

Construction workers at Toyota’s EV battery plant in North Carolina. The company announced an $8 billion expansion of its site in October 2023, one of the largest project announcements since the passage of the Inflation Reduction Act. Courtesy of Toyota

Editor’s Note: Amid the Trump administration’s review of the Inflation Reduction Act, many companies are reevaluating their investment plans for clean energy projects in the U.S. As Congress weighs the future of the IRA’s many tax credits and manufacturers consider the merits of their planned investments, we’ve taken a pause on updating this tracker.

Across the U.S., companies continue to invest billions of dollars in clean manufacturing projects as they pursue lucrative tax credits offered under the Inflation Reduction Act. The law, passed in August 2022, has helped spur a new era in U.S. manufacturing, with factories popping up in dozens of states to produce items such as electric vehicles, batteries and solar panels.

In the first year of the law’s existence, 39 states saw factory and other project announcements worth more than $86 billion. Since then, companies have continued to invest amid the Biden administration’s push to expand the country’s clean manufacturing industry and bring supply chains closer to home.

By the numbers
362
The number of large-scale, new clean energy projects announced since August 2022
116,459
The number of jobs expected to be created from all IRA-linked clean energy projects
$132B
Total capital investments made in clean energy projects since the passage of the IRA
50%
The percent of total projects funded by foreign-based companies

Tracking projects spurred by the IRA across states and clean energy sectors can help manufacturers better understand which states and regions are leading the investment wave.

Manufacturing Dive is monitoring these investments on a monthly basis and highlighting key trends in the data in a series of charts, including where investments are clustering across the U.S. and which foreign countries’ companies are leading in establishing projects.

We’ll be updating the data in these charts each month, based on the latest investment summaries from environmental group E2, which has been logging project announcements since the passage of the IRA.

Read on for five charts that break down what you need to know about clean energy manufacturing investments in the U.S. For the latest monthly data, scroll to the bottom for a breakdown of projects by investment, job creation, sector and location.

Investment by state: North Carolina leads the nation

Project, investment and job creation total per state, August 2022 to present.

Investment by sector: EV and battery projects dominate

Project, investment and job creation totals per clean energy sector, August 2022 to present.

Projects by region: The South is a hub for investment

Number of projects in clean energy sectors, per U.S. Census Bureau region.

Foreign investment: South Korea, Japan-based firms top the chart

Project announcements from foreign-based companies, August 2022 to present.

Projects by month: Investments spiked in March 2023

Project announcements per month, August 2022 to present.

Jan. 21, 2025
December 2024 announcements
In a continued decline since May, the last month of 2024 brought three clean energy manufacturing projects.

December had three clean energy projects across three states, the lowest number seen since the IRA was enacted. One was a foreign-based electric vehicle project from an Austria-based company called Benteler.

The projects totaled an investment amount of nearly $300 million and are expected to create 500 jobs.

3 projects in December, lowest since start of IRA

North Carolina, Michigan and Colorado brought nearly $300 million in clean energy manufacturing projects.