ByFILE - Nicholas Hartnett, owner of Pure Power Solar, carries a panel as he and Brian Hoeppner, right, install a solar array on the roof of a home in Frankfort, Ky., July 17, 2023. A business group that advocates for clean energy says at least $86 billion in investments have been announced, with the biggest likely job gains in electric vehicles, battery storage and solar energy.
The EV sector had the strongest response to the IRA and represents 58% of investments when the projects were being announced. This sector is expected to support 185,700 jobs annually for five years. Battery storage is expected to support 48,000 jobs, and solar is expected to support 35,000, both annually for five years.
Christopher Chung, CEO of Economic Development Partnership of North Carolina, a nonprofit public-private organization, said North Carolina is one of the many states in the South seeing growing clean technology investment. “Bipartisan legislation at the federal level has really juiced the pipelines of activity for us when it comes to economic development, especially attracting foreign direct investment,” he said.
Although investments in clean energy are"on hyperdrive," other factors were supporting the clean energy labor transition before the IRA, said Joseph Kane, a researcher at the Brookings Institution nonprofit research organization. These factors include growing pressures to reduce, changing consumer behaviors, and clean technology becoming cheaper and more efficient.
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