Hyundai's GV70 EV model The sport-utility vehicle (SUV) Hyundai Genesis GV70 electric vehicle in the first half of the year is expected to be eligible for subsidies in the American market under the US Inflation Reduction Act (IRA).The model is highly likely to be classified as an SUV rather tha
EV chargers South Korea is revising its electric vehicle subsidy plan in a way that favors local cars such as the Hyundai IONIQ 6 over imported vehicles, including the Tesla Model 3, to address discrepancies in tax benefits granted by US and Chinese governments in their countries.According to t
The Hyundai Creta produced in Indonesia For more than four decades, Japanese automakers, led by Toyota Motor Corp., have reigned as undisputed champions in the Southeast Asian auto market with their names on nine of every 10 passenger cars sold.Alongside Chinese carmakers armed with budget ve
Kia’s Hwaseong complex in South Korea where the company plans to build its electric PBV plant Kia Corp., South Korea’s No. 2 automaker, is set to break ground in March on a domestic factory to produce electric purpose-built vehicles (PBVs), a booster for future growth, as it reached
Hyundai Motor's electric vehicles at the Ulsan plant (Courtesy of Hyundai Motor) South Korean electric vehicles for lease are forecast to receive US tax credits under the Inflation Reduction Act (IRA) as new guidelines of the law, released on Dec. 29, expand the list of cars that qualify for th