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Kia Corp will produce electric cars in the US from 2024 – reports

Kia Corp will produce electric cars in the US from 2024 – reports

SEOUL (Reuters) – Kia Corp is expected to produce electric cars in the United States from 2024, South Korea’s Mail Business newspaper and SBS TV reported on Tuesday, citing an anonymous auto source.

Kia Corp was not available for comment when contacted by Reuters.

An inflation-reducing bill signed by US President Joe Biden last month excludes Hyundai Motor Co. and its subsidiary Kia Corp from federal tax credits because they have not yet made electric cars in North America, hurting their electric vehicle ambitions at least in the short term.

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