article thumbnail

Hyundai Mobis to invest $926M in EV systems plant in Georgia

Green Car Congress

The EV Power Electric system plant will expand Hyundai Mobis’ current footprint in Georgia. Hyundai Mobis has operated a manufacturing facility with almost 1,200 employees in West Point since 2009 as the largest Tier 1 supplier to Kia Georgia. Since 2020, more than 30 EV-related projects have contributed over $13.3

Georgia 186
article thumbnail

The EV Transition Explained

Cars That Think

University of Michigan professor emeritus John Leslie King , who has long studied the auto industry. Ford and other automakers will need to convince tens of millions of customers to switch to EVs to meet the Biden Administration’s decarbonization goals of 50 percent new auto sales being non-ICE vehicles by 2030. Chris Paredis.

F-150 107
article thumbnail

The EV Transition Explained: Reshaping Labor Markets

Cars That Think

auto industry jobs could rise by 150,000 by 2030 if battery electric vehicles sales reach 50 percent by 2030 and the vehicle market share of U.S.-assembled It believes that there will be a net loss of 275,000 auto industry jobs by 2040, with most of the drop off coming between 2030 and 2035.

Market 99
article thumbnail

2022 Hyundai Ioniq 5: First of an aggressive wave of new EVs

Charged EVs

Originally rated at 124 miles of range, in 2020 the model received a range boost to 170 miles, and it remains on sale. First sales this fall will be limited to 10 ZEV states, plus Arizona, Florida, Georgia, North Carolina, Pennsylvania and Texas. Hyundai’s newest EV will be launched gradually in the US. A carmaker to watch.

Hyundai 110
article thumbnail

Inflation Reduction Act – How It Supercharges the Electric Vehicle Industry

EV Match

Hyundai, which announced this May that it would build its first-ever dedicated EV plant in the state of Georgia and, to capitalize on the North American final assembly requirement in the newly-passed IRA, just revealed it was mulling moving the groundbreaking on the facility from the original target of 2023 to before the end of this year.

article thumbnail

Report: EV factories may be leading utilities to dirtier decisions

Baua Electric

Anticipated demand from the auto industry—as well as solar-panel manufacturing and data centers—is leading utilities to forecast single-digit percentage growth every year through the end of the decade in some regions, according to report.

Georgia 52