The L.A. County Strategic Plan for Economic Development is a direct effort to shape a clear, comprehensive, collaborative strategy that guides job and business retention, expansion and attraction. Having good quality, stable jobs is the only path to a stronger, more sustainable economy and a better quality of life for our current and future residents.
Here at the LAEDC, we are getting pretty excited about EVS26, set to kick off at the Los Angeles Convention Center tomorrow morning. We did a little research and came up with some interesting data that suggests L.A. County might be the next hub for electric vehicle production. Here are just a few tidbits:
L.A. County residents love their cars - USC’s Luskin Center expects EVs to make up 11.7% of all vehicles in our County by 2020 - but we don’t just drive. We design cars too! Manufacturers like Toyota and Honda house their design studios in the County That Drives.
L.A. County is home to worldwide-leading EV companies such as AeroVironment, BYD, CODA, 350 Green, and Quallion.
Also, some compelling data on the L.A. economy’s capacity for wealth creation and ability to capitalize on its diverse traded industry clusters:
Los Angeles is the #1 international trade center in the U.S, with a two-way trade value of $387.2 in 2011
The Ports of Los Angeles and Long Beach are the nation’s busiest, handling 14 million TEUs in 2011.