S. Korea conveys concerns to U.S. over new EV tax credit law: official
Foreign affairsAug 18, 2022
South Korea has conveyed its concerns over a new U.S. law that provides tax incentives for electric vehicles manufactured in North America only, a foreign ministry official said Thursday. "As revisions to the electric vehicle subsidies, included in the Inflation Reduction Act, are subject to violation of not only the South Korea-U.S. Free Trade Agreement but also the World Trade Organization rules, we have reviewed (the issue) and expressed our concerns to the U.S. through various channels