Autos

US to Find Ways to Assuage Hyundai Motor's Concerns on EV Rules – Bloomberg


The US is seeking to assuage Hyundai Motor Co.’s concerns over parts of President Joe Biden’s climate and energy bill, which the South Korean carmaker has argued could put it at a disadvantage in the American market, a senior administration official said.

Jose W. Fernandez, under secretary for economic growth, energy and the environment at the State Department, told reporters Wednesday during a visit to Seoul the Biden administration is discussing Hyundai’s apprehensions over the Inflation Reduction Act, signed into law last year.



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