See this interview with the CEO of Hyundai US, he is p!ssed. Has a fair point, they went to the govt Initially and then the goal posts moved leaving them in a position not eligible for grants.
President of STH Korea is heading to the US late this month, EU & Japan, a host of companies. Aggrieved over the latest IRA changes.
I personally don’t see a repeal, it’s become political against China. There were even anti China protests with Ford over their CATL deal.
Keen to hear others thoughts on this?
I’m seeing lot of recent media, with frustration shown by battery makers, particularly from Korea, because of the IRA changes excluding China. Obviously this incentivises investment in US battery materials so hence the interest.
https://www.news.com.au/world/hyundai-north-america-ceo-on-building-evs-in-the-usa/video/67a47e040c027fe53c81ab93f77442fc
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