A red Tesla racing through the Arizona desert, a naturally dry climate that's ideal climate for testing
A red Tesla racing through the Arizona desert, a naturally dry climate that's ideal climate for testing

Electric & Autonomous Vehicles

The next chapter of America’s great automotive story is being written right here in the desert.

Paving the way for growth and innovation

Some of the highest-profile electric vehicle manufacturers and suppliers have chosen to base their operations here. The autonomous vehicle industry takes advantage of Arizona’s naturally dry and ideal climate for testing. Arizona’s pro-business climate and legislature puts companies looking to innovate in the driver’s seat.

Powering up industry performance

Arizona continues to be a hub of innovation for advanced manufacturing, EVs and autonomous vehicles in particular.

  • Five EV manufacturers have established operations in Arizona since 2016
  • Since 2022, the state has attracted nearly a dozen battery expansions, including manufacturers, recyclers and mineral processing facilities
  • Since 2022, the state has seen more than $10.8 billion in announced investments and over 11,400 jobs in EV and battery manufacturing
  • Arizona is in the top 10 states with the most electric vehicle registration

Source: The Business JournalOpen new site.

 

Arizona's pro-business climate and legislature puts companies looking to innovate in the driver's seat.

Electric and Autonomous Vehicle Industry Highlights

SRP makes a variety of rebates available to commercial customers on EV charging stations and infrastructure. You get paid to upgrade.

Up to $20,000

Refundable Qualified Facility tax credit per qualified employee

Part of the Qualified Facility tax credit, designed to stimulate the creation and expansion of manufacturing factories.

Arizona offers tax credits to encourage businesses to create high-quality employment opportunities.

Up to $9,000

Qualified jobs tax credit per new job

Greater Phoenix offers supportive policies and a competitive tax environment.

4.9%

Corporate state income tax rate

Top-tier

energy service

Arizona is top-ranked in the nation for power reliability, with an average of only three downtime hours annually, according to the Greater Phoenix Economic Council.

 

Choose SRP Service Areas

#4

Top 100 largest public power utilities by generation

ONE

Of the largest raw water suppliers in Arizona

7.4 M+ MWh

Sustainable portfolio

Expand your business in Phoenix MSA

4.9%

Corporate state income tax rate

10%

Historical Population Growth (2015-2020)

5.1 Million

Population of MSA

Get in touch with a member of our Strategic Economic Services department

Our team of advisors is ready to discuss economic development opportunities for your business in the Phoenix metropolitan area. Feel free to reach us via phone, email, or send is a message.

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