Teslarati

FEBRUARY 28, 2024

Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. The Asian car company is also building a $5 billion EV battery cell plant with SK ON in Georgia, which is expected to employ 3,500 workers. Hyundai Motor Group is investing $7.59 billion in HMGMA.

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Teslarati

JULY 16, 2024

The IONIQ 5 will be the first EV the South Korean automaker produces in its Hyundai Group Metaplant America (HMGMA) factory in Bryan County, Georgia. The EV factory would make Hyundai EVs more affordable since they would qualify for more of the Inflation Reduction Act’s (IRA) $7,500 tax credits.

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Setec Powerr

MAY 5, 2023

Many states in the US offer various incentives to encourage the adoption of electric vehicles, making it more affordable for consumers to make the switch. Colorado Colorado offers a state tax credit of up to $4,000 for the purchase or lease of a new electric vehicle. This exemption can save buyers thousands of dollars upfront.

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Baua Electric

AUGUST 19, 2024

Genesis GV60 at a Tesla Supercharger (Source: Genesis) Hyundai, Kia, and Genesis continue gaining ground in the US with some of the most affordable, fuel-efficient EVs on the market. The company is opening its Hyundai Motor Group Metaplant America (HMGMA) later this year in Georgia. Hyundai invested around $7.6

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Baua Electric

SEPTEMBER 26, 2024

More affordable EVs are coming Hyundai claims its new method can boost production efficiency while driving lower costs compared to current processes. However, Hyundai and Kia are planning to launch even more affordable EVs. Hyundai is opening its massive Metaplant America in Georgia this fall, enabling US-built electric models.

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Baua Electric

JUNE 17, 2024

billion Metaplant wraps up in Georgia. For now, electric vehicles are the top priority,” Hyundai’s leader added while at an event organized by Georgia Governor Briant Kemp. Once assembly begins, Hyundai expects EVs built at the facility to qualify for the $7,500 federal tax credit, giving the automaker even more momentum.

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Baua Electric

SEPTEMBER 4, 2024

It will be the first Hyundai built at its massive new Metaplant America facility in Georgia. Hyundai said the US-built 2025 IONIQ 5 will initially qualify for a $3,750 tax credit, but once the battery production begins, it expects it to be eligible for the full $7,500. The 2024 IONIQ 5 SEL is offered with up to $14,500 in incentives.

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Baua Electric

JULY 11, 2024

Kia’s EV9 was the first EV built in Georgia after production at its West Point plant kicked off in May. With the $7,500 federal tax credit, prices could fall to as low as $48,995. The long-range model (with up to 304 miles range) could be bought for under $55,000 (including the EV tax credit). Ford 61% 7.2% Kia 135% 5.4%

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Teslarati

JANUARY 8, 2024

Hyundai Motor Group’s share in the US EV market is quite impressive, considering none of its electric vehicles qualify for the Inflation Reduction Act’s $7,500 tax incentives. billion electric vehicle factory in Georgia. It would be interesting to see the South Korean Company’s US EV sales after its $7.6

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Baua Electric

JUNE 19, 2024

Hyundai is launching the Inster EV, an affordable electric car under $27,000 (25,000 euro), and a new IONIQ model. It will likely be based on the E-GMP platform offering over 300 miles range, fast charging in under 20 minutes, and an affordable price tag. Part of the confidence comes from two new EVs hitting the market.

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Baua Electric

JANUARY 25, 2024

Hyundai said its investment plans for 2024 include increasing the number of mass-produced models and building its new EV plant in Georgia while continuing to develop future tech. Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit. billion EV and battery plant in late October.

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Baua Electric

JUNE 25, 2024

After 2024, Jewskikow expects Rivian to generate positive EBITDA (earnings before interest, taxes, depreciation, and amortization) in 2026 when Rivian launches its next-gen EVs. Rivian R2 (Source: Rivian) Rivian revealed the smaller, more affordable R2 in March, which will start at $45,000.

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Baua Electric

MARCH 10, 2024

Which affordable EV regained its EV tax credit eligibility this week? Rivian used the moment to pause (and delay) plans for its massive Georgia plant to get the R2 to production by early 2025. With the price cut, the Blazer EV will cost $50,195, or just $42,695 to households who can take advantage of the $7,500 tax credit.

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Teslarati

JUNE 24, 2022

” Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits. Ford confirmed to CarsDirect that its communication was legitimate. “The purchase of the BEV Lease is to aid in our goal of delivering carbon neutrality by 2050 by controlling the vehicle battery through its life, keeping it in the Ford network.”

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Ford Electric Vehicles Buy F-150 98

Blink Charging

NOVEMBER 2, 2023

Electric vehicles, renewable energy systems, and grid energy storage all rely on efficient and affordable energy storage solutions, primarily lithium-ion batteries. Expanding Battery Manufacturing Capacity in North America In North America, the United States is the leading market for lithium-ion batteries.

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Plug in America

JULY 22, 2024

To spur EV adoption and increase Americans’ access to and the affordability of EVs, Congress passed legislation called the Inflation Reduction Act (IRA), which President Biden signed into law. Since the tax credits became transferable on January 1, consumers have saved $1 billion on their clean vehicle purchases. 148/S.J.Res.87)

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Green Car Congress

JULY 21, 2016

Georgia Power. Southern Company: Georgia Power. It will also list current tax credits and incentives applicable to EV charging. This will result in a significantly smaller, lighter weight, less expensive battery pack (below $100/kWh) and more affordable EVs. Dayton Power & Light Company. Duke Energy. Eversource Energy.

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Cars That Think

NOVEMBER 20, 2023

government was going to try a whole bunch of different government interventions—incentive programs, tax credits, grants, infrastructure investments—to bend the trajectory of our energy transition. and “Is your electricity bill reasonably affordable?” We have the ability to substitute for them very quickly and affordably.

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Baua Electric

MAY 4, 2024

2025 Lexus UX 300h Hyundai last week confirmed that its Metaplant in Georgia, once due to be a dedicated EV plant, will also get U.S. The 2025 Lexus UX 300h has gone hybrid-only , and the most popular AWD version of this model gets a noteworthy gas-mileage boost. The UX 300h AWD now gets 43 mpg combined, and it starts around $40,000.

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Cars That Think

FEBRUARY 4, 2023

Professor Deepak Divan , the Director of the Center for Distributed Energy at Georgia Tech and one deeply involved in the issues of the EV transition wryly observes that “while the number of EV users has exploded over the past few years, the number of experts who really understand all the nuances [of EVs] has not exploded.”

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