Tag: Tax
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Kia will produce electric vehicles in the US in 2024 to get EV tax credit
Kia will start producing electric vehicles in the United States starting in 2024 in order to qualify for new EV tax credits in the Inflation Reduction Act, according to Korean news outlets Maeli Business News and SBS. Full story
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Hyundai, Kia’s EV dreams in US shattered by Joe Biden’s new policy
US President Joe Biden signed a law in August that disallows Hyundai and Kia from receiving federal tax credits. Full story
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Hyundai Really Got Screwed Over by the Inflation Reduction Act
As it stands, 15 electric vehicles currently qualify for the full Inflation Reduction Act tax credit of $7,500, because they undergo final assembly in the United States. Those automakers with qualifying vehicles — most of which are American — are no doubt breathing sighs of relief right now. The rest of the lot are incensed, and arguably…
Kia EV6 