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Korean battery makers relieved by latest US subsidy guidance

Summary by The Korea Herald

South Korean battery makers are breathing a sigh of relief as the US Treasury Department’s newly unveiled guidance on battery sourcing does not require them to change their current production process right away to receive the US government’s subsidies provided to electric vehicle buyers under the Inflation Reduction Act. Under the IRA, EV and battery makers have to meet certain requirements for both the c...

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The Korea Herald

Korean battery makers relieved by latest US subsidy guidance

South Korean battery makers are breathing a sigh of relief as the US Treasury Department’s newly unveiled guidance on battery sourcing does not require them to change their current production process right away to receive the US government’s subsidies provided to electric vehicle buyers under the Inflation Reduction Act. Under the IRA, EV and battery makers have to meet certain requirements for both the c...

2 years ago·Seoul, Korea, Republic of

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The Korea Herald broke the news in Seoul, Korea, Republic of 2 years ago on Sunday, April 2, 2023.

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