EV Pullback Rewrites the South’s Auto Manufacturing Landscape
A surge of roughly $200 billion in U.S. EV and battery investments, much of it in Republican-led districts and especially the Southeast, now faces a pullback as federal incentives fade and sales underperform. Hyundai’s $12.6 billion Metaplant in Georgia exemplifies the shift, with plans moving from pure EV output to a mix of hybrids and EVs, and the company adding more investment to offset changed credits. Analysts warn of up to about $100 billion in write-downs across the sector, while others like Bosch pivot workers to non-EV production. The result is a reimagining of the South’s once-booming EV manufacturing era as incentives vanish and market forecasts shrink from earlier targets.
