34 min

How the Treasury Solved Korea's IRA Electric Vehicle Problem: A chat with Chad Bown Tax Chats

    • Business

Send us a Text Message.The Inflation Reduction Act extended the provision of tax incentives for electric vehicles, but, added stipulations that these EVs be produced in North America. Manufacturers outside of North America, including Korean auto manufacturers, had a problem--would they miss out on these subidies that their customers had previously been getting? Trade economist Chad Bown tells the story about how the US Treasury, by regulation, appears to have solved Korea's ...

Send us a Text Message.The Inflation Reduction Act extended the provision of tax incentives for electric vehicles, but, added stipulations that these EVs be produced in North America. Manufacturers outside of North America, including Korean auto manufacturers, had a problem--would they miss out on these subidies that their customers had previously been getting? Trade economist Chad Bown tells the story about how the US Treasury, by regulation, appears to have solved Korea's ...

34 min

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