Hyundai's plans for its new Georgia plant reveal an industry hedging its bets on EVs

Employees work on the line at the Hyundai Motor Group Metaplant America, Wednesday, March 26, 2025, in Ellabell, Ga. (AP Photo/Mike Stewart)

Dr. Kurt Papenfus / Array

A few years ago, Hyundai Motor Group triumphantly announced it would be opening a new plant near Savannah, Ga. — a plant that would exclusively make electric vehicles.

“We heard the clarion call of [the Biden] administration to hasten the adoption of new electric vehicles and reduce carbon emissions,” José Muñoz, then the CEO of Hyundai Motor North America, said in 2022.

But at the plant’s grand opening last week, as executives and politicians praised Hyundai’s multibillion investment in the region, the thousands of jobs that come with it, and the plant’s advanced manufacturing technology, something was conspicuously missing from all the speeches.