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Electric Vehicle

Automakers are ramping up incentives to boost dropping EV sales

As electric vehicle (EV) sales decline due to consumer reluctance stemming from factors such as charging inconveniences, companies are intensifying incentives to stimulate sales,...

13 EVs qualify for $7,500 tax credit criteria, down from dozens last year

As new regulations from the Biden administration took effect on January 1, the number of electric vehicle (EV) models eligible for consumer tax credits...

Strengthening economic alliance meets U.S. protectionism

Korea and the United States are at a crucial juncture in economic cooperation after the two countries pledged to work together in a wider...

[INTERVIEW] IRA offers opportunities to Korean businesses: Ossoff

Jon Ossoff, the Democrat senator who represents one of the most popular U.S. states for Korean manufacturers, said that the 70-year-old bilateral alliance cannot...

Ford says plan for EV battery plant in Turkey with SK On still on track

SK On and Ford Motor’s plans for a joint electric vehicle (EV) battery plant in Turkey are still on track. “The non-binding MOU signed...

Korea, U.S. work on IRA incentives for local EVs

Seoul and Washington will work out their differences on the American law on tax credits for electric vehicles (EVs), said Second Vice Foreign Minister...

U.S. EV subsidy rule delay may buy time for Korean carmakers

Battery component rules for U.S. electric vehicle subsidies have been delayed, meaning that more Korean vehicles could qualify. The rules will be issued in March. Battery...

SK On-Ford battery joint venture breaks ground in Kentucky

BlueOval SK, a joint venture between SK On and Ford Motor Company, broke ground on two electric vehicle (EV) battery plants in Kentucky on...

LG Chem to invest $3.2 billion to build cathode plant in Tennessee

LG Chem will invest $3.2 billion to build a cathode plant in Clarksville, Tennessee, aiming to be a major supplier of electric vehicle (EV) battery materials. It...

Biden tells Yoon in letter that IRA discussions will continue

    U.S. President Joe Biden sent a letter to President Yoon Suk-yeol reassuring him that discussions will continue over Korean concerns about the Inflation Reduction...

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