

Models like the Hyundai Ioniq 5 and Kia EV6 have won industry accolades and impressed buyers with attractive designs and some of the fastest charging times of any electric cars. The reshuffled credits appear to deal an especially tough hand to Hyundai Motor, which also owns the Kia and Genesis brands. “In the short term, it’s absolutely going to hurt the companies that aren’t eligible and help the companies that are.” “They made it complex for a reason, but in the meantime it’s creating all kinds of chaos for consumers,” said Chris Harto, senior policy analyst for Consumer Reports. Yet the rules could hinder the goal of getting more people to buy electric vehicles - at least for the next few years. Since President Biden took office, automakers, battery and other companies have announced plans to spend more than $100 billion to electrify the U.S. Many industry experts and consumers have praised the multipronged mission of the law to curb greenhouse gas emissions, create jobs in the United States and blunt China’s dominance in batteries and mineral processing.

About 80 percent of people who were shopping for an electric vehicle recently surveyed by said tax credits played a big role in their decision to buy an electric car and the vehicle they planned to buy. Derner added, “I’m not going to buy a new E.V.

“Until I can drive to Seattle and back with no anxiety,” Mr.
