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Today the government presented an opinion to the US government about the US Inflation Reduction Act, the IRA rules for subsidies for electric vehicles and more.
The Ministry of Foreign Affairs, the Ministry of Trade, Industry and Energy, and the Ministry of Strategy and Finance announced today that the IRA has submitted a statement of opinion to the US Treasury Department on tax credits related to clean energy.
He stressed the view that the requirements for the eco-friendly car tax credit included in the IRA have a negative impact on foreign eco-friendly car manufacturers, including Korea, and may violate international trade rules such as the Korea-US Free Trade Agreement and the World. Trade Organization.
In addition, he urged the resolution of discriminatory factors, indicating measures such as applying the same requirements for environmentally friendly vehicle tax credits provided in North America to Korea or allowing a three-year grace period for the implementation of environmentally friendly vehicle tax credits.
The US Department of the Treasury said it is preparing secondary regulations for the operation of the IRA and has been gathering opinions on six areas related to clean energy incentives within the IRA from the 5th of last month until today.
The Korean government prepared the government opinion on the IRA sub-regulations after gathering opinions through meetings with related industries such as automobiles, batteries, materials, energy, and steel, and consulting with trade experts and legal circles.
