Electric vehicles have become one of California's largest exports, and will hit $3.4 billion in total value in 2019, according to new analysis.
largest source of job growth in California’s manufacturing sector in 2018. Tesla, the only automaker mass-producing light-duty passenger EVs in California today, is currently driving this trend. And while federal rules pushed Tesla to prioritize U.S. sales in 2018,, leading to the expectation foreign markets will compose a larger share of sales this year.
Because all of Tesla’s vehicle production currently occurs at its Fremont factory, the more EVs that Tesla builds, the higher the EV industry’s export revenue rises for California. Deliveries and exports grew at nearly identical rates through 2017 at 4.6 times and 4.7 times, respectively, benchmarked to 2013 levels. The connection between Tesla’s growing production and California’s recent mini-boom in EV exports is clear when the data are graphed side by side.
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