Biden Faces South Korea Backlash Over New EV Tax-Credit Rules

SEOUL – During a visit to Seoul in May, President Biden stood on a podium in the courtyard, flanked by the head of Hyundai Motor Group. The South Korean automaker had just pledged more than $10 billion in US investments and created thousands of new US jobs. Mr. Biden thanked Hyundai Euisun Chung for supporting the two countries in their work towards an electric vehicle future.

“We will not let you down,” Biden said.

https://www.wsj.com/articles/biden-faces-south-korea-backlash-over-new-ev-tax-credit-rules-11664364455 Biden Faces South Korea Backlash Over New EV Tax-Credit Rules

Alley Einstein

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