SC is $150M over budget on promises it made to bring Scout Motors to the state

Scout Motors celebrated its groundbreaking Thursday, Feb. 15, 2024, in Blythewood, South Carolina. Vehicle assembly is supposed to start in 2027. (Provided by Scout Motors)

COLUMBIA — South Carolina has racked up $150 million in cost overruns as it works to fulfill pledges it made to lure electric vehicle maker Scout Motors to the state. The state’s economic development agency wants taxpayers to make up the difference.

South Carolina lawmakers, in March 2023, already agreed to spend $1.3 billion to bring Scout to the Palmetto State. If the General Assembly does not agree to pony up the additional cash in the next state budget, the state Commerce Department would have to tell contractors working on the site that it doesn’t have the money to pay them…

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