project that "the investment was in line with the U.S. government's roadmap to accelerate electrification," pointing to the Biden administration's goal that EVs will account for 50% of all new cars sold in the U.S. by the end of the decade."With the additional EV and battery production capabilities in the U.S.," Hyundai's statement reads, the company "aims to become one of the top three EV providers in the U.S. by 2026.
The Hyundai plant is the second huge electric vehicle plant announced for Georgia in less than a year after Rivian Automotive unveiled plans in December to build a $5 billion plant outside Atlanta that is expected to employ 7,500. That deal was previously the largest in state history, and involved $1.5 billion in incentives provided by state and local government.
Gov. Brian Kemp walks past a Rivian electric truck after announcing that electric truck maker Rivian Automotive will build a $5 billion battery and assembly plant east of Atlanta projected to employ 7,500 workers, Thursday, Dec. 16, 2021, in Atlanta. The timing of the Hyundai announcement could also serve as a boost to Kemp ahead of Tuesday's primary election, where he faces challenges from multiple fellow Republicans, including former Sen. David Perdue.Perdue opposes the Rivian deal and says many residents surrounding that site do not want a mega-facility as a neighbor.
In response to the criticisms, Kemp said, "I ran on creating jobs in rural Georgia, and that's exactly what we're doing with the Rivian plant, and that's exactly what we're doing with Hyundai."
'50% of all new cars sold in the U.S. will be EVs'? In 8 years 3% to 50%
You guys seem awefully worried about foreign countries owning US assets.
RINO useless to Republican efforts!
Great work governor Kemp
Trump's pick for GA governor is a dud.
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