Kia EV9 to be built in Georgia after $200M investment
, which is pumping billions into electric vehicle subsidies, make tax incentives on electric vehicle purchases available only when the vehicle, the battery, and key raw materials in the battery are all made in the United States.Georgia has been a top beneficiary of a nationwide electric vehicle investment boom, with more than 40 electric vehicle-related projects since 2020 pledging $22.9 billion of investment and 28,600 jobs in the state.
Kia could qualify for $1.75 million in state income tax credits, at $1,750 per job over five years, as long as workers make at least $31,300 a year. The company could qualify for other incentives, including property tax breaks from West Point and Troup County. Kia got more than $450 million in incentives for its plant in West Point, which opened in 2010. West Point’s
that in 2019, Kia, its affiliates and suppliers were receiving $2.8 million in property tax breaks from the city alone.
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