March 23, 2023

Taylor Daily Press

Complete News World

'Stab in the back', 'betrayal': South Korea furious over US electric car protectionism

‘Stab in the back’, ‘betrayal’: South Korea furious over US electric car protectionism

In Seoul, the U.S. desire to give priority to electric vehicles made in North America is not well received.

Why is this important?

It’s an issue that could clearly overshadow relations between the United States and South Korea, which Washington relies heavily on to counter China’s all-consuming influence in the region.

Last month, Joe Biden, by the way Inflation Act (IRA) To sign, a Driving force Presented to the National EV Department. The law provides a tax credit of up to $7,500 only for purchases of electric vehicles manufactured in North America.

At the same time, the Drama Major concerns are lack of factories in the states; These run the risk of seeing their sales decline. Among these manufacturers are Volkswagen, Toyota, Kia and so on

This premium item is for subscribers only

Subscribe and get unlimited access to all articles instantly. From now on €1.99/month.

Already a subscriber? Login and get access to all premium articles.
See also  1 + 1 Promo to Doctor: A common thing in the United States