Greentechmedia reports that the currently projected cost for the plant for Integrity Automotive, a new joint venture to produce ZAP electric vehicles in the United States, is more than double the initial estimate.
The new plant is expected to begin rolling out vehicles in a year, said Randall Waldman, CEO of Integrity Automotive and Integrity Manufacturing, who added that the plant will have an initial production capacity of 300 vehicles per day.
On Monday, the state of Kentucky said it plans to provide Integrity Automotive with $48 million in tax incentives to help build the plant. When it first applied for the state incentive, Integrity estimated that the project would cost $84 million. But now, after settling on a location, the company expects that construction will cost more than double that initial estimate. Waldman said the projected cost is now $175 million, and added that he hopes the project will be eligible for more state aid.
The plant is slated to ZAP products ranging from scooters to the three-wheeled Xebra, currently manufactured in China.