Automakers, South Korea urge U.S. to tap commercial EV tax credit
Written by Black Hot Fire Network on December 7, 2022
WASHINGTON, Dec 6 (Reuters) - Many automakers and the South Korean government are urging the Biden administration to tap a commercial electric vehicle tax credit to boost consumer EV access, a plan that could help ease concerns over a climate bill approved in Congress.
The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits . . .
