Hyundai says new law may affect its USD 5.5 billion EV plant in Georgia

Hyundai Motor Group’s plans to break ground on a new EV factory in Georgia have been complicated by the Inflation Reduction Act signed in August by President Joe Biden, which was intended, in part, to spur more domestic production of EVs.
EVs built by Hyundai, Kia and Genesis currently qualify for tax credits of as m....

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