Tuesday, September 27, 2022

Kia EV6 production may move to U.S. to meet EV tax credit requirements | Autoblog

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The new law excludes foreign-built EVs and models with Chinese-sourced raw materials.

The EV Officials reported that the South Korean automaker plans to build the EV6 in the U.S. in 2024 to meet the new legislation’s requirement that only North American-built EVs qualify for the credits. Even so, there’s language in the bill that requires increasing percentages of U.S.-based battery materials and assembly. That affects Volvo, Volkswagen, Toyota, Subaru, and others, meaning that a significant number of EVs on sale today won’t qualify for a credit come January 1, 2023.

Kia and its corporate cousin Hyundai combine for second place in the EV market here, so, understandably, they’ve called the legislation discriminatory. The pair have gone so far as to threaten legal action over the issue, but it appears they’ve decided that it’s easier to build the cars here instead.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: Autoblog


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