Hyundai: We will build an electric vehicle factory in the US within two years

by time news

The company’s announcement is not surprising: during 2022, a number of large car manufacturers, for example Polestar, announced plans to establish factories in the US, thanks to the generous subsidies provided by the Biden administration to buyers of electric cars – which can yield the buyer benefits of up to $7,500, but only if the car Made in the USA.

Beyond that, non-American car manufacturers who establish factories in countries where the average income is relatively low – that is, mainly in the southern states (Alabama, Georgia, etc.) – also receive subsidies and benefits from the local government of those countries, thanks to the jobs that the factories create.

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