![]() ![]() That’s among the most of any state in the country. The White House hailed the estimated $32 billion of new investments in Georgia since Biden took office, including $22 billion in EV and battery production and $10 billion for clean energy manufacturing facilities, according to the administration’s analysis. Cox Enterprises, which owns the AJC, holds about a 4% stake in Rivian. Explore A closer look at the clash in Georgia over green energy tax breaks “We either need to do one of two things: You need to give them to everybody, or take them away, just make the playing field completely level,” Kemp said. Kemp argued the new law punished companies like Hyundai that made new investments but were still building factories. The changes prompted heartburn among foreign automobile producers, such as Hyundai and Kia, since American competitors like Tesla would be able to offer discounted vehicles while foreign models lost their credits until their U.S. But once the law was signed last summer, EVs assembled overseas no longer qualified unless their manufacturing moved to the U.S.Ĭertain components and minerals used in EV batteries had to be sourced from North America rather than foreign rivals like China. ![]() Other GOP presidential contenders have taken shots at the climate bill, which passed the House and Senate without Republican support.Ĭredit: Natrice Miller / Natrice Miller / the IRA was signed, consumers buying EVs built by most companies qualified for federal tax credits of as much as $7,500. Kemp also has been critical of the IRA, but has taken a more nuanced stance. Kemp, who has been critical of Trump, has centered his economic development agenda around EVs, touting Georgia emergence as “the e-mobility capital of the nation.” Georgia and local officials also offered lucrative incentive packages, including $1.5 billion for Rivian and $1.8 billion for Hyundai. Explore Hyundai-LG battery pact answers big question for Georgia EV plant “Anything which would discourage more EV development would not be economically good for Georgia,” Charles Bullock, a political science professor at the University of Georgia, told The Atlanta Journal-Constitution. Since 2020, EV makers and their suppliers have announced more than 40 projects totaling more than 28,400 announced jobs and $22.7 billion in anticipated investment, according to Gov. Few states have been bigger beneficiaries of the jobs and investment surge than Georgia with Hyundai’s plans for a $5.54 billion EV and battery plant near Savannah (8,100 jobs) and Rivian’s planned $5 billion factory an hour east of Atlanta (7,500 jobs). ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |