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tax credit

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...

Only 9 EVs eligible for IRA EV tax credit up to $7,500 next year

Less than 10 electric vehicle (EV) models will qualify for the $7,500 tax credit next year due to tighter Inflation Reduction Act (IRA) rules. Beginning...

U.S. announced 16 EVS eligible for $7500 tax credit, and Hyundai and KIA excluded

The U.S. government on Sunday announced 16 electric vehicles that will be eligible for subsidies of up to $7500. Hyundai and Kia's electric vehicles...

Hyundai Motor Group breaks ground in Georgia for electric vehicle factory

Ground was broken Tuesday for Hyundai Motor Group’s $5.54 billion electric vehicle (EV) factory in Georgia. The facility will be the largest Korean automaker’s first...

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...

Leaders of Korea, U.S. reaffirm commitment to resolve EV tax credit issue: ambassador

Ambassador Cho Tae-yong during an interview at the Korean embassy in Washington D.C. on September 15. Korean President Yoon Suk-yeol and U.S....

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