Hyundai and others are threatening to escalate the fight.
, while others are speeding up plans to build new factories in the US.
EVs built outside North America are not eligible for the $7,500 tax credit. The law also includes provisions aimed at preventing use of battery components or critical minerals derived from China, which currently controls around three-fourths of the global battery market.Two South Korean automakers — Hyundai and its affiliate, Kia — are threatening legal action over the massive climate and energy bill.
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