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You are here: Home / News / Automotive Ecosystem Drives $1 Trillion into U.S. Economy Each Year, Nearly 5% of GDP

Automotive Ecosystem Drives $1 Trillion into U.S. Economy Each Year, Nearly 5% of GDP

December 1, 2022 By CollisionWeek Editor

The Alliance for Automotive Innovation, the association representing vehicle manufacturers, released Driving Force, a new economic impact report highlighting the automotive industry’s many contributions to the American economy with state-by-state breakdowns of employment, trade, revenues, manufacturing investment and assembly facilities, GDP and more.

The highlights:

  • Combined, the automotive ecosystem drives more than $1 trillion into the U.S. economy each year – 4.9 percent of GDP;
  • 6 million jobs coast to coast supported by the auto industry;
  • Motor vehicles and parts were the second largest U.S. export in 2021 — more than $105 billion in goods – a 16 percent
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Filed Under: News Tagged With: Alliance for Automotive Innovation

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