Georgia’s EV Industry Growth
Despite facing challenges from policy changes and supply chain issues, Georgia is positioning itself as a leader in EV manufacturing. The state’s EV industry continues to grow, with significant investments and job creation.
Industry Event Highlights Optimism
A recent event at Savannah Technical College, organized by the Zero Emission Transportation Association (ZETA) Education Fund, brought together industry leaders to discuss the future of EV manufacturing in Georgia. Robert Lee, Executive Vice President of LG Energy Solution North America, emphasized the need for EV charging infrastructure, noting the absence of charging stations on the Savannah Tech campus despite its partnership with Hyundai Motor Group Metaplant America on an EV Production certification program.
EV Sales and Cost Trends
Industry leaders expressed optimism about the future of EV manufacturing in Georgia. Albert Gore, ZETA Executive Director, highlighted that 79% of EVs sold in the U.S. were made in North America, with worldwide EV and plug-in hybrid vehicle sales reaching 17 million, a 25% year-over-year increase. Lee shared data showing that EV costs declined 10% between 2023 and 2024, while internal combustion engine cars costs increased by 3%. He predicts EVs will cost less than ICEs on average within two years.
Challenges and Opportunities
The industry faces challenges, including the suspension of $5 billion for EV charging infrastructure deployment by the Federal Highway Administration. Congressman Buddy Carter emphasized the importance of EV production to Georgia’s economy and national security. Panelists, including representatives from LG Energy Solution, Rivian Automotive, and QCells, discussed ongoing efforts and echoed the optimism about the industry’s future.
Conclusion
Despite uncertainties and challenges, industry leaders remain cautiously optimistic about the future of EV manufacturing in Georgia, driven by private sector investment interest and the long-term trends for EV growth.
