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EU tax credits, human rights abuses

EU seeks changes to ‘discriminatory’ U.S. Inflation Reduction Act

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The Inflation Reduction Act, which is set to go into effect this January, might make America a global leader in the electric vehicle market...
EV tax credits

Biden vows to continue talks with South Korea over EV tax...

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President Joe Biden has reached out to South Korean President Yoon Suk-yeol, signaling his willingness to continue negotiations with the country regarding the recently...
Inflation Reduction Act South Korea

S. Korean President plans US visit to address Inflation Reduction Act...

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South Korean President Yoon Suk-yeol will make his first official trip to the United States this week, and talks about electric vehicle subsidies will...
semiconductor

President Biden signs CHIPS bill allocating $52 B for US semiconductor...

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Yesterday, President Joe Biden signed the bipartisan CHIPS and Science Act legislation into law, intending to increase American semiconductor competitiveness with China. The plan provides billions...
emissions

GDP slips 0.9% for second straight quarterly decline—Biden, Yellen deny US...

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According to the Bureau of Economic Analysis, US GDP, or gross domestic product, shrank by 0.9% in the second quarter. To tackle inflation and decrease the...
Hyundai

Hyundai Motor Group announces another $5 Billion investment in U.S. ventures

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During a visit to Seoul this weekend, President Joe Biden met with South Korea-based Hyundai Motor Group and announced another $5 billion to its planned...

GM, Ford, and Tesla execs meet with Biden to discuss future...

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All eyes have been on EV infrastructure since Pete Buttigieg announced new fuel economy standards. Since then, senior officials within the Biden administration have met...

U.S. to ban importing Russian oil over Ukraine War

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On Tuesday, the Biden Administration announced they would be moving ahead with a ban on importing oil from Russia. The action of imposing such...