Between rising gas prices and more competitive pricing, interest continues to grow around electric vehicles.
“Not everybody can afford a $70,000 electric vehicle,” explained Robert Burns, a spokesman for Hyundai Motor Manufacturing Alabama, “but now we’re talking in the 30s and low 40s, and that’s a more affordable range for any consumer.”$5 billion in Georgia to build a plant“It is its own hub with its own supply base, just like we have here in Montgomery, Alabama, with all the 30+ suppliers that are nearby and another 70 that are across the country,” Burns explained.
“It’s 200 more jobs,” Burns noted, “and the facility already has a $4.8 billion economic impact on the state in the surrounding area. So this will just be an incremental increase.”Two new electrical vehicle options will soon roll off the assembly lines at its Montgomery, Alabama, plant. “It was just a few years ago that Mercedes announced a $1.1 billion investment in the electrification of vehicles platform for the assembly of SUVs, as well as the battery cell assembly as well, that would go into some of those vehicles,” Canfield pointed out.
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