Change in labor income from baseline scenario: Millions of dollars, 2024–2032

Assembly Supply chain  Total
50% clean energy vehicles (1) $2,904  $8,278   $11,182 
Baseline + 10% market share (2) 3,054   10,218   13,272 
50% clean energy vehicles + 10% market share (3) 3,631   11,810   15,441 
50% vehicles + 10% market share + union wages (4) 7,356   11,766   19,122 
Baseline w/ policy retreat (5) -596 -2,736 -3,332
Economic Policy Institute

Source: EPI analysis of S&P Global (2024), IMPLAN (2024), and FRED Motor Vehicle Assemblies: Heavy and Medium Truck Assemblies series and FRED Manufacturers’ Value of Shipments: Heavy Duty Truck Manufacturing series data.

View the underlying data on epi.org.