CLEVELAND, Tenn. — The head of a U.S. automotive research center said Wednesday massive investment seen in the electric vehicle sector, including in Tennessee, is expected to ease off.
Alan Amici, chief executive of the Michigan-based Center for Automotive Research, said he expects investment to return to “a more sustainable level” in future years.
“They’re retooling plants, products and supply chains,” he said about the estimated $146 billion that has been invested in electrification in the past three years in North America. “This is just incredible investment we’ve never seen in the auto industry.”
That figure doesn’t include suppliers or government, Amici said at the Smart Factory Electric Mobility Innovations conference.
Amici said Tennessee had the fifth- or sixth-highest level of investments in the sector.
He
