Kia America COO Steve Center stated that eliminating the EV tax credit would be "messed up" and would undermine the investments made by car manufacturers to comply with credit rules.
Center emphasized that losing the EV tax credit would "hurt" industry jobs and the overall trajectory of the American car business, noting, "It would just be dumb." He argued, "[The government has] steered the industry in a direction, and I think you need to allow the industry to recover its investments and then let it float."
With plans to ramp up U.S.-made EV production, Kia and Hyundai have invested significantly in manufacturing vehicles to comply with the EV tax credit’s requirements. Center mentioned that although the current Kias aren't credit-eligible, future 2025 models built in the U.S. will be.
As investments in EV models and manufacturing are at risk, industry analyses suggest that if the EV tax credit is removed, U.S. demand for electric cars would potentially decrease significantly.
Collection
[
|
...
]