China Could Retaliate Against America's “Discriminatory' EV Tax Credits | Carscoops carscoops
was supposed to help spur electric vehicle adoption, but it’s confusing buyers, angering other countries, and leaving some automakers unsure if upcoming models will qualify for incentives.vehicles that are no longer eligible for incentivesThe latest country to take issue with the act is China, which stands to lose out due to sourcing and assembly requirements.
The criticism continued after President Biden’s signing as South Korea has been pushing for a “flexible implementation” to avoid hurting Hyundai, Kia, and Genesis. However, the United States has by telling South Korea’s national security advisor Kim Sung-han, the “IRA is likely to bring more pluses than minuses to Korea.”
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