Hyundai Motor and Kia failed to make the list of beneficiaries for a major U.S. tax credit, a setback for Korean automakers in their competition with Tesla and other U.S. makers of electric vehicles.
Hyundai Motor has found itself on the edge of a precipice as none of its eco-friendly vehicles were placed on Joe Biden’s “Made-in-America” electric vehicle (EV) subsidy list.
Korea JoongAng Daily Sitemap