Impact
at Home

The automotive ecosystem (including direct, indirect and induced value added) drives more than $1.2 trillion into the U.S. economy each year - 4.8 percent of GDP.

Person reaching into a glove box

Economic Impact

U.S. Auto Industry A Trillion Dollar Economic Impact

If the U.S. Auto Industry were a country, its economic contribution would rank #17 on the list of largest countries by GDP.

  1. 1
    15.2 million new vehicles sold in 2023
  3. 2
    Total New Vehicle Sales 2023: $643 billion
  5. 3
    $1 in manufacturing = $4.23 economic value

Top 10 States where autos contribute the most to GDP

Top 10 States
% State GDP
  1. 1
    Michigan 9.2%
  2. 2
    Kentucky 6.4%
  3. 3
    Tennessee 6.0%
  4. 4
    Indiana 5.7%
  5. 5
    Alabama 5.4%
  6. 6
    South Carolina 4.9%
  7. 7
    Missouri 4.9%
  8. 8
    Delaware 4.7%
  9. 9
    Mississippi 4.6%
  10. 10
    Arizona 4.1%

Jobs Report

10.1 Million Jobs Coast to Coast

Mechanic working on a car
1 Auto Job

Across the United States, the auto industry is a major employer, supporting jobs not only in auto manufacturing, but also through an extensive network of parts, components and material suppliers, and a vast retail and maintenance network of dealers and aftermarket products and services.

Mechanic holding a tire
9 American Jobs

4.9% of U.S. employment and $732B in annual payroll.

Nearly one in 20 jobs across the country is supported by the Auto Industry.

Industry Manufacturing
Industry Manufacturing
Industry Manufacturing
Top 10 States
Auto Industry Employment
  1. 1
    California 841,986
  2. 2
    Texas 726,196
  3. 3
    Florida 513,287
  4. 4
    Michigan 409,220
  5. 5
    Ohio 309,910
  6. 6
    Illinois 279,745
  7. 7
    Georgia 260,883
  8. 8
    New York 247,559
  9. 9
    Pennsylvania 238,315
  10. 10
    Tennessee 225,289
Electronics engineers working at a desk

In 25 states, more than 100,000 jobs are supported by the auto industry.

Tax Report

Outsized Contribution to Federal, State and Local Tax Receipts

Auto industry activity - from parts suppliers, to worker paychecks, to vehicle sales, to income for small businesses - is a major driver of government tax receipts/revenue.

Closeup of gas pumps with the sun shining in the distance

Registrations + Sales

Consumers have choices

New vehicle sales of internal combustion engines remain popular; Electrification increasing across all segments; EV availability growing.

15.2 Million Vehicles Sold in 2023

Automobile manufacturers continue to give the consumers options to fit a wide variety of needs and demand for new vehicles remains strong.

Light trucks had at least a 70 percent market share in all 50 states and the District of Columbia.

State with the highest rate of:

  • New York has the highest rate of utility vehicles
  • Arizona has the highest rate of vans
    • Wyoming has the highest rate of pickup trucks California has the highest rate of cars

80% of vehicles sold in the U.S. in 2023 were light trucks.

  • 58% Utility Vehicles
  • 18% Pickup
  • 4% Van
  • 20% Cars

Electrification on the Rise

While internal combustion engine (ICE) vehicles still dominate, their share has steadily declined from 97% in 2016 to 80% in 2023. Meanwhile, hybrid, battery electric (BEV), and plug-in hybrid (PHEV) vehicles are gaining momentum:

114 EV models available in 2023 across all body styles

More than 4.3 million EVs are now on U.S. roads, representing 1.5% of all light vehicles in operation

Electric vehicles lined up at charging stations

114 EV Models

114 models of EVs (including battery electric, plug-in hybrid, and fuel cell vehicles) were available to consumers in 2023 - in all body styles: sedans, utility vehicles, pickups, and vans.

Internal combustion engine (ICE) Vehicle Market Share Change, Year-over-Year

2016 - 2023

For the most up to date information on the electric vehicle market, visit

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Registered Light Duty Vehicles in Operation

  • Internal Combusition Engines
  • Electronic Vehicles
  • EV% VIO

Electric Vehicle Supply Chains

The U.S. auto industry's leadership in global markets is increasingly dependent on its ability to transition to electric vehicles (EVs) and secure the supply chain for key components.

As global demand for EVs rises and regulations tighten, nations like China, which began investing in electrification 15 years ago, dominate crucial areas of the EV supply chain, such as the mining and processing of critical minerals like lithium and cobalt. The U.S. is currently far behind, and its reliance on foreign sources, particularly China, exposes it to geopolitical risks and market vulnerabilities. However, by localizing and diversifying the EV supply chain (including working with allies and partners), the U.S. can regain competitiveness, stimulate economic growth, and enhance energy security.

Investments in the Supply Chain

Automakers and battery manufacturers have invested heavily in EVs, with much of their $125 billion commitment focused downstream - finished vehicles and battery cell production. Over 900 GWhs of battery cell production are expected to be added in the U.S. by 2030 (more than an 800% increase over current capacity).