![[국제]Biden signs a monthly bill to reduce inflation on 16 …](https://image.ytn.co.kr/general/jpg/2022/0816/202208162103340568_t.jpg "[국제]Biden signs a monthly bill to reduce inflation on 16 …")
Biden will signal the US inflation reduction legislation on the 16th
Inflation Reduction Act, subsidy for North American-built electric powered motor vehicles only
As quickly as President Biden indications the bill, it will go into effect.
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[앵커]
US President Joe Biden will indicator the Inflation Reduction Act on 16th local time.
As quickly as President Biden indicators the invoice, Hyundai and Kia electric vehicles bought in the United States will not receive a subsidy of about 10 million won in Korean cash.
The reporter Won-bae Kim reports it.
[기자]
The Washington Write-up documented that US President Joe Biden will signal the inflation reduction bill on 16th local time.
In accordance to US media, the monthly bill to minimize inflation calls for subsidies for new cars and trucks to be restricted to electric automobiles created or assembled in North The usa, this kind of as the United States, Canada and Mexico.
The rule goes into impact as quickly as President Biden signs the legislation on reducing inflation.
And the recent subsidy payment rules for electrical autos will be abolished.
With the entry into power of new polices on the payment of subsidies for electric powered motor vehicles, the lights for Hyundai and Kia Motors have gone out.
At the moment, the United States is subsidizing a new car or truck of $ 7,500 for each car or truck for up to 200,000 electrical autos for every year, regardless of the place it is created.
However, owing to the implementation of the new polices, Hyundai Motor and Kia Motors electric powered motor vehicles, all of which are manufactured in Korea, are not qualified for a subsidy of $ 7,500.
As a consequence, Hyundai Motor Group’s system to lead the US electrical car or truck market by introducing new lineups like Ioniq 6 and EV9 future 12 months will inevitably be halted.
In unique, worries are developing as the Ioniq 5 and EV6 are getting level of popularity in the US and Europe, so a great deal so that they have been selected as Car of the Calendar year.
I am YTN Kim Received-bae.
YTN Wonbae Kim ([email protected])
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