As the U.S. seeks solutions to address climate change while maintaining economic growth, electric vehicles have emerged as a pivotal technology with dual potential for environmental improvement and economic transformation. This thesis explores how EV adoption influences national and regional economies through job creation, supply chain shifts, manufacturing investments, and infrastructure demands. It also examines critical environmental considerations, including reduced air pollution, lower carbon emissions, sustainable battery sourcing, and the development of recycling systems to address the environmental footprint of lithium, cobalt, and nickel extraction. The analysis considers challenges in integrating EVs into existing energy grids, highlighting the need for smart charging infrastructure and renewable energy expansion. Ultimately, the work provides a comprehensive assessment of the barriers and opportunities in the EV transition, offering a roadmap for policymakers, industry leaders, and communities to foster a cleaner, more resilient, and economically viable transportation future in the United States.