$5 Billion EV Factory in Georgia

Rivian, the American EV manufacturer, just secured a significant victory in the Peach State. Following a contentious legal tussle, the Georgia Supreme Court chose not to entertain an appeal challenging the legitimacy of Rivian's anticipated property tax relief for its proposed $5 billion EV facility.

 This turn of events propels Rivian ahead in its quest to establish one of the most extensive EV plants in the region.

Back in December 2021, Rivian unfurled its ambitious plan to construct a colossal 2,000-acre EV factory in Georgia. With a staggering production capacity of up to 400,000 EVs annually, the facility significantly outpaces Rivian's existing Illinois plant, which maxes out at 150,000 units annually. 

But, as the saying goes, every rose has its thorns. The path to getting this behemoth off the ground has been riddled with roadblocks.

In fact, the legal road to Rivian's Georgia facility resembled more of a bumper car ride. Initially, Rivian's proposed project faced pushback from a group of residents who sued the Joint Development Authority (JDA) and the company in charge of initial site grading. 

Yet another group challenged the local property tax incentives slated for Rivian, which led to a judge shooting down approximately $700 million of the proposed tax benefits.

Despite these hurdles, Rivian's resilience never waned. The company stood its ground, holding firm to the commitment to its Georgia project. 

Rivian's determination paid off when the highest court in the state sided with the JDA and the State of Georgia on most issues about the company's incentive package.  READ MORE...