Hyundai Motor Group is looking to accelerate the construction of a new plant located in Georgia in order to benefit from federal EV incentives that favor domestic production.

Hyundai Motor Company President and Global COO Jose Munoz said the company is rushing to start electric vehicle and battery production as soon as possible at the $7.6 billion Hyundai Motor Group Metaplant America complex in coastal Georgia, according to Atlanta-area radio station WABE.

Talking to reporters in Atlanta after signing a partnership with Georgia Tech aimed at boosting research into hydrogen-fueled vehicles and producing workers for Hyundai, Munoz said the Inflation Reduction Act (IRA) is pushing the company to build batteries and EVs in the US more quickly.

As a result, Hyundai is speeding up construction of the plant with the goal of starting production in Georgia sometime in 2024.

“What we decided is to double down. We try to accelerate as much as possible, the project. And we are confident that the original date of January 2025 would be probably pulled ahead maybe three months or so. If we can, even more,” Munoz said.