Hyundai: The official start of production has accelerated to the fourth quarter of 2024 with the opening celebration targeted for the first quarter of 2025. It was previously announced that production would begin in the first quarter of 2025, the company said.
Nissan and Kia are two auto manufacturers that may have begun shifting their electric vehicle (EV) market focus away from the United States to Europe, Asia and South America instead. There is a strong likelihood that the Inflation Reduction Act (IRA) and its resultant loss of EV subsidies for many brands or models that are not built with or assembled with batteries and materials sourced from the US or countries the US has free trade agreements with is the main reason this is happening.
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