Hyundai’s riding sales of its Ioniq and other electric vehicles to strong sales results, reinforcing the need for more U.S. production.<\/figcaption><\/figure><\/div>\n\n\n\nAn EV plant boom on the way<\/h2>\n\n\n\n
But what may be most significant is that there is a veritable explosion of new EV manufacturing operations spreading across the U.S.<\/p>\n\n\n\n
Tesla just opened up its second American assembly plant \u2014 and its fourth worldwide \u2014 near Austin, Texas. Volvo wound up going to a site near Charleston, South Carolina where it will not only produce its own EVs but models for its spinoff Polestar brand.<\/p>\n\n\n\n
Last September, Ford announced it will build the largest manufacturing site in its history, dubbed BlueOval City, near Memphis, with two supporting battery plants going into neighboring Kentucky.<\/p>\n\n\n\n
All told, more than a dozen new or repurposed plants in the U.S. will be producing EVs by mid-decade, with others to follow, industry analysts forecast.<\/p>\n\n\n\n
Consumers could have 60 EV choices by year-end<\/h2>\n\n\n\n
EV sales still represent a minor segment of the American market but have grown from barely 0.5% of U.S. new vehicle sales in 2019 to 4.2% in 2021. Demand grew 81% last year and surged another 60% during the first quarter of 2022 \u2014 even as the overall U.S. market fell 18 percent.<\/p>\n\n\n\n
The number of all-electric models delivering at least 200 miles ended 2021 at around 20. According to forecasts by IHS Markit, Guidehouse Insights and others, that may reach 60 by the end of this year.<\/p>\n\n\n\n
President Joe Biden is aiming to boost demand for zero-emission vehicles to as much as 50% by 2030. And while there remain many skeptics, some industry analysts believe that sales actually could exceed that target.<\/p>\n","protected":false},"excerpt":{"rendered":"
yundai will spend $5.54 billion to set up an EV manufacturing complex near Savannah, Georgia. The plant will build 300,000 EVs at full production for Hyundai, Kia and Genesis. Get details at TheDetroitBureau.com.<\/p>\n","protected":false},"author":2,"featured_media":225325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[7,8,5,10,1164,1169,2648,1347,9],"tags":[6156,559,6155,560,6157],"make":[],"post-state":[],"category_old":[],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/225321"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=225321"}],"version-history":[{"count":4,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/225321\/revisions"}],"predecessor-version":[{"id":225328,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/225321\/revisions\/225328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/225325"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=225321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=225321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=225321"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=225321"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=225321"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=225321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}