Oh the irony, it burns. The President of the United States of America aimed to kill the vehicle electrification movement in its cradle, but lately he’s been the one ruminating about heaven while US automakers keep laying more plans to populate the roads of the US with more EVs. Along with recent announcements from Ford and General Motors, Hyundai Motor Group is also making moves.
To be clear, the near term outlook is less rosy than it was last year, when supportive federal policies encouraged both automakers and the auto-buying public to choose electric. Nevertheless, in August, Ford and General Motors both announced ambitious new EV plans with a focus on speed and affordability.
Hyundai beat both automakers to the punch. In 2024, Hyundai opened its massive new Metaplant in Georgia, then followed up in March of this year with a new investment plan of $21 billion over the next three years, covering a wide field of its US operations.
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