Electric carmaker Rivian Automotive Incorporated will receive $1.5 billion in tax incentives and relief from the state for the construction of a new electric vehicle assembly plant in Georgia. This was announced by state and company officials on Monday (2/5).
Rivian’s $5 billion assembly plant is expected to employ about 7,500 people once it is fully operational.
According to the Georgia Department of Economic Development, factory workers will receive an average annual salary of $56 thousand.
A spokesman for Rivian said in a statement that the company targets to open the factory by the end of 2024.
Rivian has until the end of 2028 to meet its target of 7,500 workers and an investment target of US$5 billion, and receive the full amount of incentives.
The Georgia plant located east of Atlanta will be Rivian’s second US assembly plant. The first plant is located in Normal, Illinois.
Georgia’s economic development commissioner Pat Wilson said the plant would be a milestone that would put Georgia at the forefront of the electric vehicle revolution.
It is known, Rivian has launched three vehicle models in the US, namely the R1T pickup, R1S SUV, and Electric Delivery Van (EDV) for Amazon.