Story perspectives

Hyundai Shifts Focus: 70% Gas, 30% EVs Amid Sales Drop

2/2/2026

Summary

Story summary

Over two decades, EV investments flowed mainly to Republican-led districts, especially Southeast.
From 2000–2024, auto and battery makers invested over $200 billion in U.S. EV facilities, with 84% of battery and 62% of EV investments directed here.
Following federal EV incentives removal, EV sales plummeted, prompting Hyundai to pivot.
Hyundai Motor Company's Metaplant in Georgia will produce 30% EVs and 70% hybrids and gas vehicles, targeting 500,000 units.

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Story summary

Over two decades, EV investments flowed mainly to Republican-led districts, especially Southeast.
From 2000–2024, auto and battery makers invested over $200 billion in U.S. EV facilities, with 84% of battery and 62% of EV investments directed here.
Following federal EV incentives removal, EV sales plummeted, prompting Hyundai to pivot.
Hyundai Motor Company's Metaplant in Georgia will produce 30% EVs and 70% hybrids and gas vehicles, targeting 500,000 units.