February 26, 2024, will forever be known as Hyundai Day in the state of Georgia as the automaker gears up to begin production at its first dedicated EV and battery plant in the US later this year.
Hyundai announced its fast-tracking production at its Hyundai Motor Group Metaplant America (HMGMA) in Georgia.
The automaker now expects to begin building electric cars in the US in the fourth quarter of 2024, with the grand opening in the first quarter of next year. Hyundai initially planned to begin production early next year, but the automaker is plowing ahead with the $7,500 federal tax credit on the line.
“Georgia is like a second home to us,” Jose Munoz, Hyundai Motor America CEO, explained. Munoz said the company was “very proud that Hyundai’s investments in Georgia will create tens of thousands of great paying American jobs” while bringing tens of billions into the state.
Hyundai was rewarded for its contributions to the state’s largest economic project. It even tops Rivian’s $5 billion EV factory outside of Atlanta.
Hyundai Motor America CEO Jose Munoz with Georgia Governor Brian P Kemp at Hyundai Day (Source: Hyundai)
The General Assembly passed a resolution declaring February 26, 2024, as Hyundai Day at the state capital for its dedication to GA.
Hyundai is investing $7.59 billion, creating 8,500 direct jobs. On top of this, Hyundai’s $5 billion battery plant with SK On will employ an additional 3,500 employees.
Hyundai EV Metaplant in Georgia (Source: Hyundai)
According to a Center for Automotive Research study, Hyundai’s EV manufacturing investments total over $12.6 billion in the US, generating 50,000 new jobs.
Hyundai and state leaders celebrated the automaker’s positive impact with Hyundai and Genesis EVs, including the IONIQ 5, IONIQ 6, GV60, and Electrified GV70, on display outside the State Capital.
2024 Hyundai IONIQ 5 (Source: Hyundai)
Eletrek’s Take
With 51,411 electric vehicle registrations in the US last year, Hyundai was the fourth best-selling EV maker in the US behind GM’s Chevy, Ford, and Tesla.
And that was without its electric models qualifying for the $7,500 EV tax credit (only through a leasing loophole).
While US automakers Ford and GM are slowing EV initiatives, Hyundai is surging ahead. The South Korean automaker is expected to introduce its first three-row electric SUV, the IONIQ 7, this summer.
With a near complete line of EVs built on its dedicated E-GMP platform, I wouldn’t bet against Hyundai. “2024 is going to be a great year for HMGMA,” president and CEO of the plant, Oscar Kwon, said. Kwon noted the site “is advancing every day.”
Munoz previously said Hyundai is “pulling ahead,” with the start of production expected as soon as October. The Group’s leader told Automotive News earlier this month that Hyundai is fast-tracking production “because everybody knows how important it is” to qualify for the tax credit.
Electric vehicles built at the facility are expected to qualify for the tax credit. Munoz said earlier this month, “There are a lot of moving pieces, but I am confident very shortly after we start, we will be compliant.”
Once up and running, Hyundai expects to build 300,000 EVs annually. That number can go up to 500,000 if needed, according to Hyundai.
The news comes after Hyundai slashed prices on its best-selling IONIQ 5 electric SUV this month. Hyundai introduced a rare 0% financing deal that could amount to $7,800 in savings compared to a same-priced Tesla model.
Electric cars don’t have intakes and exhausts, so they can’t get hydrolocked in deep water the way ICE-powered cars can – but that doesn’t make them amphibious. Nobody told this Texan Chevy Bolt EUV owner that, and when they got caught on the wrong side of the floodwaters, they licked the stamp and sent it!
The recent catastrophic flooding in Texas has brought unimaginable tragedies and hardships to thousands of people who unquestionably deserve better, and living through something like that can lead people to make some rash decisions (I made it through the aftermaths of Hurricanes Andrew and Katrina, AMA). Rash decisions like pulling up to a tunnel flooded in nearly three feet of water, and deciding to stand on the gas.
Think I’m exaggerating? Watch this Chevy Bolt EUV go full “Boat Mode” as its driver decides that dealing with whatever unseen obstacle or deadly live wires concealed by the floodwaters are less annoying than having to find an alternative route for yourself.
Submerging an EV that wasn’t designed for it (or even a Cybertruck, which allegedly was), isn’t exactly advisable. In addition to the underwater threats, submerging the skateboard in water could damage sensitive electrical connectors, compromise battery seals, and cause shorts in circuit boards over time.
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“Even more critically, water ingress into high-voltage systems can pose serious safety risks, including electrical faults or, in rare cases, thermal events,” writes Jonathan Lopez, over at GM Authority. “Although the Bolt EUV in this instance completed its soggy journey successfully, long-term effects may still emerge.”
In other words: don’t try this at home.
Electrek’s Take
Chevy Bolt EUV, via GM.
Like, don’t try this at home … but it’s pretty awesome.
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Georgia BRIGHT, a statewide initiative to deliver affordable solar, kicked off its “No-Cost Solar Plan” in Atlanta yesterday, giving qualified homeowners a shot at roughly 400 fully prepaid rooftop-solar systems with zero upfront or maintenance costs. However, Georgia Bright’s No-Cost Solar Plan may lose its $156 million in grant money if the EPA steals back the Solar for All program’s entire $7 billion, which funded it.
On Earth Day (April 22) 2024, the Georgia BRIGHT Communities Coalition, including lead applicant Capital Good Fund, along with coalition member cities, Atlanta, Savannah, and Decatur, and dozens of other Georgia stakeholders, was allocated $156 million from Solar for All to bring solar to thousands of households statewide between now and mid-2029.
Families that earn 80% or less of their county’s Area Median Income can enter a drawing for the No-Cost Solar Plan now; a second drawing for another 400 systems is set for spring 2026.
“As the cost of living increases across our most vulnerable communities, this program will deliver significant savings to the households that need it most,” said Alicia Brown, director of Georgia BRIGHT.
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Those savings are already showing up. Pilot participant Christine Difeliciantonio saw her power bill plunge on her Columbus home from $224 in June 2024 to $50 in June 2025 after her panels came online, and she says the added resilience eases her mind during storms.
Nonprofits are benefiting, too. Trees Atlanta had 140 panels installed on their headquarters last November in the pilot program; the rooftop array went live in March and is on track to save about $3,000 a year, the carbon equivalent of planting 28,000 trees over 25 years.
What’s next for Georgia BRIGHT …
Georgia BRIGHT’s other programs in the works include its Residential Solar Savings Plan, offering custom rooftop installs with no upfront cost and guaranteeing households at least 20% savings on day one after factoring in the modest monthly payments. Georgia BRIGHT is also developing Community Benefit Solar, which lets businesses, houses of worship, and apartment buildings go solar so long as they share part of the financial benefits – think grocery gift cards, help with utility bills, discounted daycare, or rent relief – with eligible neighbors for five years. Finally, a Utility-Led Community Solar initiative will send grants to local utilities so they can run shared-solar programs designed specifically for low-income customers.
These programs really make a difference in a state like Georgia, which doesn’t offer any other solar incentives.
… if the EPA doesn’t steal its money
The New York Timesreported today that the Trump-led EPA is drafting letters to claw back the entire $7 billion Solar for All pot from 49 states, plus 11 nonprofit groups and Native American tribes. The grant money was awarded under President Biden’s 2022 Inflation Reduction Act. According to the Times‘ sources, the EPA plans to send termination notices this week, effectively erasing solar savings for nearly a million low-income families before the panels ever land on their roofs.
Legal groups are already gearing up for the fight. “If leaders in the Trump administration move forward with this unlawful attempt to strip critical funding from communities across the United States, we will see them in court,” Kym Meyer of the Southern Environmental Law Center told the Times.
If the EPA pulls the trigger on this cruel, senseless plan to steal solar from lower-income communities, it wouldn’t just kneecap Georgia’s new program – it would pull the rug out from under low-income solar projects nationwide. The fight over Solar for All is officially on. How about that energy emergency that Trump declared, eh?
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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Tesla is in trouble, facing down hundreds of millions in fines on a single Autopilot wrongful death claim, accusations of covering up evidence, and plummeting sales in Europe, China, and the US. But, hey – that’s no reason to NOT give Elon a $29 billion bonus, right? Find out more on today’s troubling episode of Quick Charge!
We’re also helping Costco celebrate the first half-birthday of its EV marketplace, where you can get a great deal on a new Chevy Silverado EV capable of going more than one thousand miles on a single charge [insert 400 pages of fine print and disclaimers here–Ed.].
Today’s episode is brought to you by Retrospec, the makers of sleek, powerful e-bikes and outdoor gear built for everyday adventure. Quick Charge listeners can get an extra 10% off their next ride until August 14 with the exclusive code ELECTREK10, only at retrospec.com.
New episodes of Quick Charge are recorded, usually, Monday through Thursday (most weeks, anyway). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.
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