Kentucky: Leading the Way Toward an Electric Future
Kentucky is the premier location in the United States to manufacture electric vehicles and their parts. Everything that goes into the life cycle of an electric vehicle — from motors to batteries to recycling — can all be found in Kentucky with the ability to ship products anywhere in the country or around the globe quickly and efficiently. Competitive energy costs, quality sites with the ideal geographic location, a knowledgeable workforce and the nation's best shipping and supply system create a winning combination that positions the commonwealth as an industry leader.
As the nation's leading producer of light vehicles per capita, Kentucky has a history of helping automotive-related businesses thrive. These companies benefit not only from Kentucky's best-in-class cost of doing business and supportive corporate environment, but their employees also enjoy shorter commute times, lower cost of living and numerous other advantages that lead to a higher quality of life.
Facts You Should Know
- Kentucky is the #1 producer of cars, light trucks, and SUVs per capita
- Auto Alley
- 550+ automotive-related facilities in Kentucky
- Kentucky is home to four major assembly plants Ford (two plants), General Motors and Toyota
- $22.9 billion announced investments by automotive-related facilities since 2014
- 1 out of every 18 workers in the U.S. automotive industry work in Kentucky
- 103,000 individuals employed in automotive-related establishments located in Kentucky
An Electric Future
- $11.6 billion in new investment from EV-related projects
- More than 10,100 full-time jobs announced for Kentuckians
- The two largest economic development projects in the state’s history
- BlueOval SK Battery Park (Ford and SK On) - $5.8 billion investment creating 5,000 full-time jobs in Hardin County
- AESC - $2 billion investment creating 2,000 full-time jobs in Warren County
Kentucky has already established an expansive supplier network to serve the EV market, including both existing and new companies to the commonwealth.
- EV-related products being produced or announced in Kentucky include: motors, battery components, structural products, assemblies, air springs and nanomaterials, among others.
Kentucky Cabinet for Economic Development
Low Utility Costs
Among the more significant location factors having a direct influence on bottom line costs is the annual capital that must be committed to utility consumption. Kentucky has among the lowest cost of electricity in the industrial sector in the United States, coming in at 17.6% lower than the national average.
Energy Information Admin., average price by state, released 2021
Global Logistics Capacity
2nd in total air Cargo, Kentucky is the only state to boast three major air cargo hubs: (UPS, DHL and Amazon Air)
Kentucky’s innovative and progressive tax incentive programs also provide the flexible financial assistance businesses need when locating, expanding or reinvesting in the state. Kentucky ranks in the Top 20 for corporate income taxes, individual income taxes, and sales taxes.
24th2020 Business Tax Climate Index
5%Corporate Income Tax Rates
6%Sales Tax Rate
9.5%State and Local Tax Burden Per Capita
Source: Tax Foundation
Kentucky is within one day's drive of two-thirds of the U.S. population
Kentucky's logistical advantage is unmatched. Click the cities below to measure distance.
- Bowling Green
- New York
- Washington DC
Available Sites & Buildings
What They Say
President, Meggit Aircraft Braking Systems
CEO, Danimer Scientific
Quality of Life
Cost of LivingKentucky is 10.3% lower than the national average
Commute TimeKentucky's average commute time is 23.5 minutes
(Source: U.S. Census)
Safe EnvironmentKentucky ranks #13 as safest states to live
(US News and World Report)