Biden to signal the US Inflation Reduction Act on the 16th
Inflation Reduction Act, subsidy only for electric powered vehicles made in North The united states
As shortly as President Biden indications the invoice, it will acquire outcome.
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[앵커]
US President Joe Biden is anticipated to indication the Deflation Act on the 16th local time.
As soon as President Biden indicators the monthly bill, Hyundai and Kia electric powered autos sold in the United States will not acquire a subsidy of close to 10 million received in Korean forex.
Reporter Received-bae Kim reviews.
[기자]
The Washington Submit reported that US President Joe Biden will sign the inflation reduction monthly bill on the 16th local time.
According to US media stories, the inflation reduction monthly bill involves new car or truck subsidies to be minimal to electric powered motor vehicles manufactured or assembled in North The us, these types of as the United States, Canada and Mexico.
The rule will consider outcome as shortly as President Biden symptoms the Inflation Reduction Act.
And the existing electric powered vehicle subsidy payment guidelines will be abolished.
As the new electric powered car subsidy payment rules came into result, the lights went out for Hyundai and Kia Motors.
Currently, the United States delivers a new vehicle subsidy of $7,500 per car for up to 200,000 electric powered motor vehicles for every yr, irrespective of generation site.
On the other hand, because of to the implementation of the new restrictions, electric powered vehicles from Hyundai Motor and Kia Motors, which are all made in Korea, simply cannot get a subsidy of $7,500.
Appropriately, Hyundai Motor Group’s plan to guide the US electric powered car marketplace will inevitably be disrupted by the introduction of new traces this kind of as the Ioniq 6 and EV9 future 12 months.
In specific, worries are increasing as the Ioniq 5 and EV6 attain popularity in the US and Europe, these types of as becoming preferred as Vehicle of the Yr.
This is Kim Won-bae’s YTN.
YTN Wonbae Kim (wbkim@ytn.co.kr)
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