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

New 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: Green Car Reports

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