Teslarati
MARCH 28, 2024
It appears that South Korean automaker Kia is taking some steps to ensure that its EV9 all-electric SUV will qualify for the full $7,500 federal tax credit in the United States next year. By producing the EV9 in Georgia, the all-electric SUV could qualify for a partial EV tax credit.
Electrek
NOVEMBER 4, 2022
South Korean officials and leaders from Japan are expressing concerns over the new US EV tax credit requirements that kick in at the end of the year. New reports are surfacing that Japan and South Korea will request flexibility in the rule changes.
Baua Electric
MARCH 28, 2024
Kia expects the EV9 will qualify for the full $7,500 EV tax credit by early next year. Kia America’s head of corporate communications, James Bell, told Nikkei that moving EV9 production to its West Point, GA plant will enable it to qualify for a part of the EV tax credit. FTC: We use income earning auto affiliate links.
Baua Electric
MAY 3, 2023
. “There’s been a bit of a pause in the industry for some brands on electric vehicle sales as everyone sorted out the tax implications of the Inflation Reduction Act,” Watson defined. On account of the tax credit score adjustments, Kia expects leasing as a proportion of its EV trade to extend from 15 p.c
The Truth About Cars
MAY 4, 2023
Though their electric vehicle lines are among the most compelling new zero-emissions models, Kia and Hyundai’s EVs don’t currently qualify for federal tax credits because of where they’re built. Both are working toward bringing EV production to the U.S., Image: Kia] Become a& TTAC insider.
The Truth About Cars
MARCH 7, 2024
InsideEVs reported that X/Twitter users have been sharing screenshots of leaked documents from South Korea that appear to show a new Model 3 variant with a possible 412-horsepower rear motor. At the same time, the new car lost tax credit eligibility and its place as a compelling, affordable EV as a result.
Baua Electric
JANUARY 15, 2024
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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