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Oregon's E.V. Industry Drives $266.5 Million in Economic Growth

Feb 6, 2013
Source: 
(Sustainable Business Oregon)

A new report completed by researchers at Portland State University and released Tuesday found that Oregon's electric vehicle cluster has created more than 1,500 jobs and fired $266.5 million in economic activity.

The report, commissioned by the state-funded industry support group Drive Oregon, also found that the industry has paid $11.9 million in state and local taxes and $20.8 million in federal taxes.

Northwest Economic Research Center at PSU completed the report, which is available for downloadat the Drive Oregon website. The report cost $50,000, $40,000 paid by Drive Oregon and $10,000 covered by the Portland Development Commission.

In a statement, Tom Potiowsky, director of the center and former Oregon state economist, said: "Our research indicates that the electric vehicle industry generates gross economic activity of $266.56 million, total value added of nearly $148 million and provides more than $89 million in total employee compensation. The industry continued to grow during the Great Recession, while other transportation industries suffered enormous losses."