The state of Georgia signed a deal with Rivian earlier this month, offering $1.5 billion in tax breaks to entice the company to relocate to the state. The $5 billion factories are planned to employ 7,500 people by 2028 and generate 400,000 EVs each year.
Other EV factories are springing up across the country. Toyota is constructing a $1.29 billion battery factory in North Carolina, and General Motors intends to bring its third EV battery manufacturing to Michigan. Stellantis, the parent company of Jeep, Dodge, and Chrysler, is also planning to develop an EV manufacturing in the United States, though the location has yet to be determined. Similarly, Ford and SK Innovation, a South Korean battery manufacturer, are bringing new EV-focused plants to Tennessee and Kentucky. Tesla already has numerous factories in the United States dedicated to making batteries and EVs, and another was recently established in Austin, Texas.
