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Electric Vehicle Industry

"Electric vechicle industry drives $266.5M economic impact in Oregon"  Sustainable Business Oregon February 2013

A new report completed by researchers at Portland State University and releas ed Tuesday found that Oregon's electric vechicle cluster has created more than 1500 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 download at the Drive Oregon website. The report cost $50,000, 40,000 paid by Drive Oregon and $10,000 covered by Portland Development Commision.

In a statement, Tom Potiowsky, director of the center and former Oregon state economist, said: "Our research indicated that 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 the Great Recession, while other transportation industries suffered enormous losses."

Article by Christina Williams

To read more go to following link: www.sustainablebusinessoregon.com/articles/2013/02/electic-vehicle-industry-drives.html