Sector Regulation Sector Regulation

EV tax-credit criteria under US Inflation Reduction Act should be relaxed, South Korea says

By Wooyoung Lee
  • 08 Nov 2022 04:19
  • 08 Nov 2022 04:46
South Korea is calling on the US to relax requirements for electric-vehicle tax credits included in the landmark Inflation Reduction Act, or IRA, to ensure that South Korean-made electric vehicles qualify for EV subsidies in the US.

In comments delivered to the US Treasury last Friday, South Korea said its automakers, auto-part makers

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