Over the past four years, the U.S. has had a president who has aggressively supported clean energy investments and pushed for an electric transformation of the auto industry, while the incoming administration may roll back those measures.
For the Korean automakers and battery manufacturers, the answer so far seems to be this: We've come too far to back off now, despite uncertainty surrounding the incoming administration.
Trump has vowed to end what he's falsely called a Biden administration 'mandate' for EVs as well as Inflation Reduction Act (IRA) subsidies, potentially impacting tax credits and incentives.
The Korean firms have already made big plans for the U.S. and are significantly further along than most, presenting themselves as a key ally to counter China's battery dominance.
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