How The EV Pullback Is Affecting Factories And Jobs In The South

01 Feb 2026 | Abstracted from CNBC

Automakers including GM, Ford, Hyundai/Kia, Toyota, and multiple battery partners are scaling back EV plans, delaying factories, or taking write‑downs as EV demand softens. The pullback hits Southern states that attracted most investments - especially Georgia, Tennessee, South Carolina, North Carolina, Kentucky, and parts of Alabama - leaving billions in projects and thousands of expected jobs in question.

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