Hyundai has a lot riding on a patch of rural Georgia. In October, the South Korean auto giant opened a new electric-vehicle factory west of Savannah at the eye-watering cost of $7.6 billion. It's the largest economic-development project in the state's history (one that prompted the Georgia statehouse to pass a resolution recognizing 'Hyundai Day'). For now, workers at the so-called Metaplant are building the company's popular electric SUV, the Hyundai Ioniq 5, and soon more EVs will be built there, too. And to power those vehicles, Hyundai is set to open a battery plant at the site, and is spending billions to open another one elsewhere in Georgia. Hyundai's plan will allow the Ioniq 5'and other future electric cars already in the works'to qualify for tax credits implemented by the Inflation Reduction Act. American-made EVs are eligible for rebates that can knock thousands of dollars off their price, making them far more appealing to consumers. But Hyundai's nearly $13 billion...
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