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Hyundai lobbies US to ease EV rule that hurts foreign carmakers

At issue is a requirement to limit a $7,500 consumer tax credit to electric vehicles built in North America

Bloomberg News

Hyundai Motor Co. and the South Korean government are ratcheting up lobbying to loosen restrictions that Senator Joe Manchin fought to include in this year’s US climate law, arguing the rules could blunt the automaker’s rapid growth in the market. At issue is a requirement to limit a $7,500 consumer tax credit to electric vehicles […]

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