near Savannah. As originally planned, it would start producing cars in 2025, beginning with the Kia EV9 and Hyundai Ioniq 7, both of which are capacious 7-passenger electric SUVs that should get lots of interest from American car buyers.
Then the Inflation Reduction Act happened and Kia suddenly found itself cut off from federal tax credits for its cars because they are not manufactured in the US. Nowreports that news sources in South Korea are claiming production at the new Georgia factory will begin in 2024 instead of 2025.
There are a lot of jobs involved. Kia says the new $5 billion factory in Georgia will employ 8,500 workers when it ramps up to full capacity. It seems likely officials in Georgia are also on the phone to Washington asking the government to cut Kia some slack. Is the announcement that the factory will begin production earlier than expected an attempt to curry favor with the Biden administration? What do you think?says that while Kia’s primary goal is to ensure consumers can take advantage of the federal tax credit when they purchase its EVs, there are other obvious benefits. Kia has become known as a manufacturer that produces compelling EVs and its vehicles are widely successful.
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