Cooper Lures Billions in EV Investments to North Carolina, But Critics Question If Incentives Outpace Demand
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Cooper has offered up to $3 billion in incentives to bring clean energy manufacturing to NC, hoping to replace lost textile/furniture jobs.
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Big deals include Toyota's $14B investment in an EV battery plant near Greensboro, creating 5,100 jobs.
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Cooper signed deals with UK and Denmark on clean energy, and just opened a Taiwan trade office focused on tech.
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Critics question if demand for EVs justifies the incentives, and if the money should go to other priorities like schools.
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Cooper credits Biden's spending on climate initiatives with spurring companies like Toyota to invest in EV manufacturing in the U.S.