Kia will produce electric vehicles in the US in 2024 to get EV tax credit

URLhttps://electrek.co/2022/09/19/kia-will-produce-el
Sourceelectrek
Date Published09/19/2022
Author NameJameson Dow
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Kia Corporation
Parent companyHyundai Motor Company
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Country(ies) from which reshored:Korea, Republic of
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredEV
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Government Incentives
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