South Korean firms are rethinking their $54bn investment in US EV battery plants due to concerns over potential tax credit cuts by President-elect Trump.
TL/DR -
The U.S. Department of the Treasury and the Internal Revenue Service released Proposed Regulations on clean electricity production and investment tax credits, known as Tech-Neutral Credits, on May 29, 2024. These credits are key to the Biden Administration’s energy incentives in the Inflation Reduction Act of 2022 and will play an…