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South Korea’s Yoon pledges to extend tax benefits for chip investments – ET Auto

Baua Electric

In January 2023, the government unveiled a plan to offer large tax breaks to semiconductor companies investing at home, which are set to end this year. South Korean President Yoon Suk Yeol said on Monday that he would extend tax credits on investments in the domestic semiconductor industry to boost employment and attract more talent.

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SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

SK Innovation, which also owns South Korea’s top refiner SK Energy, said it expects solid refining margins to continue in the second quarter backed by firm demand. The company posted an operating profit of 625 billion won (USD 454 million) for the January-March period, versus a 375 billion won profit a year earlier. .

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Australia’s resources minister seeks investment from S.Korea, Japan – ET Auto

Baua Electric

Australia’s resources minister has begun a week long trip to South Korea and Japan to discuss gas exports and critical minerals opportunities, as its government on Monday released a “prospectus” of 52 investment ready critical minerals projects.

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3 Scenarios That Would Make An EV Ineligible For the Federal EV Tax Credit

EV Adoption

In my previous article, Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives , I outlined and analyzed 13 proposed changes to IRC 30D (federal EV tax credit). If categorized as an SUV, however, the LYRIQ would qualify for the maximum $12,500 tax credit.

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U.S. EV incentives could be vastly expanded via new Senate Bill

Teslarati

Most notably, leaders from France, Germany, the EU , South Korea, and Japan have called for the U.S. When contacted by Teslarati, the Embassies of France and South Korea refused to comment on the new bill. What do you think of the article? to reconsider the policy or enter negotiations with the respective groups.

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Ford receives Federal backlash following Chinese battery agreement

Teslarati

As such, I write to request a Committee on Foreign Investment in the United States (CFIUS) review of the licensing agreement, as well as demand that no federal funds – especially monies or tax credits granted via the Inflation Reduction Act (P.L. What do you think of the article? Do you have any comments, questions, or concerns?

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Zero EVs May Qualify For the Federal Tax Credit Under the Inflation Reduction Act Requirements

EV Adoption

Additionally, the IRA could actually receive enough votes to pass, but not without potentially several significant changes — including to some of the EV tax credit requirements. Joe Manchin, via the Wall Street Journal. in effect with the U.S. or recycled in North America, must account for a minimum percent by dollar value.