One of the world's largest automakers is making a huge investment in U.S. manufacturing, but, as usual, local taxpayers aren't getting off scot-free.
Last week, Ohio Gov. Mike DeWine made a major announcement: Honda, as part of its pledge to sell only electric vehicles (E.V.) by 2040, will spend over $4 billion building up its electric manufacturing capacity in the Buckeye State. That amount includes $3.5 billion to build a new battery plant in partnership with LG Energy Solution, plus $700 million to retool three existing Ohio Honda plants for E.V. production. The Japanese auto giant claimed the investment will create over 2,500 jobs.
