Charging Up the Electric Vehicle and Battery Sector
June 30, 2023
The automotive industry is on the cusp of its most massive transition in generations, as gasoline-powered vehicles make way for electric vehicles, or EVs. By the middle of the next decade, many if not most new cars produced will be electric, and that means a huge shift in the manufacturing base and supply chain.
No surprise, then, that more than half a dozen of this year’s Project of the Year awards are related to EVs or the batteries that will power them. The projects can be found all over the country, from Kansas to the Carolinas, bearing only a few names that are likely to be familiar and many that are relatively new to the motor vehicle world.
The biggest project on this particular list is the Hyundai Motor Group’s $5.5 billion EV and battery plant in Ellabell, Georgia. It’ll be the South Korean automaker’s first American plant dedicated to EVs, and when it opens in 2025, it will be on the way toward employing 8,100 people and turning out as many as 300,000 EVs a year. It’s the biggest economic development project in Georgia history.
