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EV tax-credit rules pit Joe Manchin against Hyundai

Hyundai and Korean government push for lenient interpretation of rules

Bloomberg News

Senator Joe Manchin is pressing Treasury Secretary Janet Yellen to stand firm on North American-based manufacturing requirements for lucrative electric-vehicle tax credits under the Inflation Reduction Act, setting up a battle between the West Virginia Democrat and Korea’s Hyundai Motor Co.  At stake is whether Treasury would hand out the full $7,500 per vehicle in […]

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