Kia EV6 Forum banner
1 - 1 of 3 Posts

·
Registered
Joined
·
384 Posts
Because it’s against free trade and could trigger a trade war
Easy solution then. Remove the NA final assembly requirement. In 2023, Kia and Hyundai will qualify for half the battery credit or full depending on how much is not from China.

In 2024, my guess then it will be GM and Tesla only that will qualify for any tax credit as no battery minerals or processing can be from foreign entities of concern (China, Russia, etc) and only those two are setup to assemble large numbers of cells and batteries in the US from minerals from Canada, Australia, etc. Something like 90% of cathode and anode processing happens in China so the Korean carmakers and battery suppliers need to pivot.
 
1 - 1 of 3 Posts
Top