Hyundai Faces U.S. Backlash Over Electric Vehicle Subsidy TacticsIs Hyundai’s Subsidy Disappearing?Hyundai Exploited Exception ClauseControversy Erupts in the U.S. The issue with Hyundai Motor’s electric vehicle subsidy has been raised in the United States. Under the U.S. Inflation Reduction Act (IRA), there is a condition that subsidies shall be granted if a certain amount of minerals and battery parts are procured from the […]
Chinese Battery Domination Defies U.S. Inflation Reduction Act The U.S. Inflation Reduction Act (IRA), which does not subsidize electric vehicles with Chinese batteries, has been ineffective. Chinese batteries have dominated the market in the U.S. and other parts of the world. To get subsidized, domestic battery companies have to go to North America or the U.S...
Big Trouble for Chinese Battery Makers: US Cuts Off EV Subsidy LifelineBiden Administration to unveil guidelines barring Chinese EV firms from U.S. subsidies under Inflation Reduction Act.
Biden Visits Korean Company's U.S. Plant Sparks Showdown with TrumpPresident Biden visits Korean firm CS Wind, touts Bidenomics ahead of elections, challenges Trump's IRA repeal vow.
Electric Vehicle Sales Skyrocket in the U.S., Nearing 1.4 Million UnitsUS electric vehicle sales set to reach record high at 9% of total passenger car sales in 2023, boosted by incentives and price competition.
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