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The electric vehicle boom brought massive investments to parts of America that don’t typically vote blue, but now those bets are looking shaky as the industry pumps the brakes on its electric dreams. Over the last twenty years, car and battery manufacturers poured more than $200 billion into building electric vehicle plants across the United States, according to research firm Atlas Public Policy. The money didn’t spread evenly across the political map. Republican-controlled areas got the lion’s share, with 84 percent of battery plant dollars and 62 percent of vehicle factory money landing in their districts. These plants were supposed to bring jobs, more than 200,000 of them. Three-quarters of those positions would have been in Republican areas. The Southeast alone grabbed 40 percent of all the investment money, building on its long history as a car-making region that stretches back fifty years. But the ground shifted beneath these plans. Federal tax breaks that made electric cars cheaper disappeared, and fewer people bought EVs than expected. Now companies are scrambling to change course, switching production lines to make different types of vehicles or completely different products to avoid red ink and job cuts. Hyundai Motor Group watched the shift happen in real time The company, which sells Hyundai, Genesis, and Kia vehicles, had climbed to second place in electric car sales behind Tesla, according to CEO José Muñoz. Then the government incentives vanished. The numbers tell the story. Hyundai’s electric sales were climbing during the first three months of last year. By the final quarter, they had dropped by half. “We still do better than the industry,” Muñoz said according to CNBC. “But it had an impact in the industry, which we could clearly see in the fourth quarter.” Hyundai had already placed a massive bet on Georgia. In 2022,…

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Filed under: News - @ February 2, 2026 2:04 am