Hyundai Begins EV Production in U.S. amid IRA Woes

SEOUL, Feb. 22 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has begun production of an electric vehicle (EV) in the United States in response to the U.S. Inflation Reduction Act (IRA), which allows no subsidies for imported EVs. On Feb. 21 (U.S. time), the South Korean carmaker started to assemble the Genesis GV70 [...]