Hyundai's New Auto Plant Strengthens Georigia's Grasp on EV Production

Georgia wants to be a heavy hitter in the EV industry, and it’s partnering with an automaker with similar aspirations—Hyundai—to get there.
Written by Andrew Koole
Reviewed by Kathleen Flear
Georgia is quickly reaching contention for Michigan-level status in electric vehicle production. 
Ford’s battery partner, SK Innovation, already has a facility up and running in Jackson County, Rivian is primed to construct their largest plant yet just outside of Atlanta, and 13 other EV-related businesses have set up shop around the state in the last three years alone.
And the industry’s growth in the Peach State isn’t over. Governor Brian Kemp announced on May 20 that
Hyundai
is moving in with a $7.4 billion investment, including a plant near Savannah where the South Korean company will manufacture part of its EV lineup.
EV investments
have stirred up some controversy in Georgia recently, but Gov. Kemp is hedging his bets on the industry, hoping the payoff from the uptick in high-income jobs will soothe concerned constituents.
Jerry
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super app
has the details.

Hyundai’s giant expansion in the Peach State

Hyundai isn’t new to Georgia. In 2010, the automaker started manufacturing
internal combustion engines
for Kia and other auto parts in West Point. 
But the recent investment will triple the size of Hyundai’s presence in Georgia.
The Verge
says the $5.5 billion plant is expected to create 8,100 jobs and create 300,000 vehicles a year when fully operational.
Reuters
says the extra $2 billion will go toward upgrading Hyundai’s existing facilities and exploring new transportation technologies for cities.
Beyond Georgia, Hyundai plans to invest another $2.6 billion in the U.S. by 2025, though details on those plans remain vague. The Verge says it will include research in
autonomous driving
and advanced air mobility, but no specifics beyond that were given.
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Hyundai’s EV lineup so far

Like pretty much every automaker, Hyundai sees electric vehicle production as its future and has high expectations for its new venture. By 2030, the company expects to produce 3.23 million EVs a year. 
That target is still a long way off, but compared to most automakers, Hyundai has pretty good start in the way of
EV production
. It already has three EVs under its own name—the Kona Electric, Ioniq 5, and Nexo (which is technically powered by
hydrogen fuel cells
).
On top of that, it also builds the Kia EV6 and Niro, as well as the Genesis GV60, GV70, and GV80 EVs. Other models are on the way, including an electric Kia pickup truck planned for the 2026 model year.

How much do Hyundai EVs cost to own

Electric vehicles aren’t cheap—especially right now. Commodity prices and production costs have
driven prices up
for Teslas and other EVs. But Hyundai-built EVs are still pretty reasonable.
All their models start under $46,000, with the cheapest vehicle, the Hyundai Kona Electric, starting at just over $37,000.
Car insurance
for a Kona Electric isn’t too scary either, increasing by only 10% compared to a gas-powered Kona.
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