Report: EV tax credit rules might accelerate Hyundai timeline for US-built EVs

Hyundai Ioniq 5, Ioniq 6, and Ioniq 7New federal EV tax credit rules requiring greater domestic content could accelerate Hyundai’s timeline for building electric cars in the United States, according to a recent Reuters report. Last week’s signing of the Inflation Reduction Act (IRA) expanded the federal EV tax credit by removing the previous 200,000-unit cap for manufacturers and…
Source: Hybrid and Electric Car News and Reviews