Elimination of Tax Credits on Imports Will Have a Massive Blow To Business - Hyundai

[Admin]

Last week a Hyundai Motor executive spoke about the Biden administration’s recent decision to eliminate tax credits for imported electric vehicles. The elimination of tax credits is expected to significantly impact the automaker’s business. In particular, it puts Hyundai at an unfair disadvantage against American electric vehicle manufacturers, who will still be eligible for the … (read full article...)

 

[Bringtheheat]

Last week a Hyundai Motor executive spoke about the Biden administration’s recent decision to eliminate tax credits for imported electric vehicles. The elimination of tax credits is expected to significantly impact the automaker’s business. In particular, it puts Hyundai at an unfair disadvantage against American electric vehicle manufacturers, who will still be eligible for the … (read full article...)

Let them build here if they want the tax credits. That's the whole point anyway so why do they act as if they're surprised?

 

[Vernon]

Let them build here if they want the tax credits. That's the whole point anyway so why do they act as if they're surprised?

Exactly. Everyone talks about these companies not being ready but the idea is to speed up the process.