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Michigan Governor Gretchen Whitmer wasn’t happy. Ford Motor Co., a company whose very name is synonymous with Detroit, had just announced it had chosen two southern states, Tennessee and Kentucky,
Michigan Governor Gretchen Whitmer wasn't happy. Ford Motor Co., a company whose very name is synonymous with Detroit, had just announced it had chosen two southern states, Tennessee and Kentucky, as sites for an $11 billion electric-vehicle project.
The scale and the ferocity of state competition to lure companies for EV plants, semiconductor factories and other megaprojects is unprecedented.
Since the start of 2021, car manufacturers have announced plans to spend at least $50 billion on electric vehicle plants in 10 states and have received commitments of at least $10.8 billion to lure those developments within their borders.
States have been competing to lure companies since at least the Great Depression, but the scale and the ferocity of it now are unprecedented.