Hyundai Motor and Kia reported a 1% drop in US sales for October, with electric vehicle demand plunging over 60% following the expiration of IRA tax credits, while hybrid sales surged.
#YonhapInfomax #HyundaiMotor #Kia #ElectricVehicleSales #IRATaxCredits #HybridSales #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=88904
Hyundai Motor and Kia US Sales Down 1% in October as EV Demand Plummets

Hyundai Motor and Kia reported a 1% drop in US sales for October, with electric vehicle demand plunging over 60% following the expiration of IRA tax credits, while hybrid sales surged.

Yonhap Infomax
South Korea’s Industry Minister Ahn Duk-geun urged US lawmakers to ensure continuity of IRA tax credits and maintain a favorable policy environment for Korean investment, highlighting concerns over recent US legislative changes and the need for stronger bilateral energy and critical minerals cooperation.
#YonhapInfomax #IRATaxCredits #AhnDukGeun #USHouseCommittee #KoreanInvestment #EnergyCooperation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=65537
Ahn Duk-geun, Industry Minister, Calls for Policy Continuity on US IRA Tax Credits

South Korea’s Industry Minister Ahn Duk-geun urged US lawmakers to ensure continuity of IRA tax credits and maintain a favorable policy environment for Korean investment, highlighting concerns over recent US legislative changes and the need for stronger bilateral energy and critical minerals cooperation.

Yonhap Infomax