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Korean-made electric cars, which have been unable to receive subsidies from the US government due to the US Inflation Reduction Act, can now receive subsidies for commercial purposes such as leasing.
Although it took a breather, it is evaluated that it is not a complete solution as vehicles for sale are still excluded from the subsidies.
This is Correspondent Kim Jong-won from New York.
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U.S. Treasury Department has issued additional guidance on the Inflation Reduction Act, the IRA.
The Ministry of Finance said in this guideline that Korean-made electric vehicles, which were excluded from subsidies because they did not meet the requirements to be assembled in the United States, can receive subsidies when sold commercially.
Commercial sales include leased vehicles as well as rental cars and shared vehicles. This is what the Korean government has requested from the US as not a few US consumers are using vehicles in the form of a lease.
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With the announcement today (30th), Korean electric vehicles can enjoy the same benefits as US electric vehicles, only for commercial vehicles.
It's been a while, but there are still many problems to be solved.
A long-term lease that allows the vehicle to be used until the end of its service life or a lease with the condition that the vehicle can be purchased at a discount after the end of the lease agreement is de facto sale and is preferred by American consumers. Excluded.
Above all, in response to the request of the Korean government to alleviate the condition that 'the final assembly must be made in the United States' to receive subsidies for sales vehicles, the Ministry of Finance has not announced any detailed regulations, so there is still no clue.
The IRA provides $7,500 in tax credit only if at least 50% of the battery components and 40% or more of the core minerals in the battery are assembled or processed in the United States.
(Video coverage: Lee Sang-wook, video editing: Lee Seung-yeol)