U.S. Will Look Into How Inflation Reduction Act Hurts South Korean Carmakers | Carscoops

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U.S. Will Look Into How Inflation Reduction Act Hurts South Korean Carmakers | Carscoops
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U.S. Will Look Into How Inflation Reduction Act Hurts South Korean Carmakers | Carscoops carscoops

The United States will look into how the Inflation Reduction Act will impact South Korean car manufacturers by making their EVs no longer eligible for federal tax credits.

“ said will take a detailed look at how the EV subsidy issue will pan out going forward, and what impact it will have,” Kim Sung-han told the “President Yoon said that our businesses in the battery and other advanced industry sectors are expanding in Arizona and across the United States and increasing investments, and asked for the interest and support of the U.S. federal government and the state government for these firms,” the presidential office confirmed.

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