Hyundai executives and government officials break ground on the automaker’s new “Metaplant America” in Bryan County, Georgia, on Tues., Oct. 25, 2022.CNBC | Michael WaylandSAVANNAH, Ga. – South Korean officials are working closely with the U.S. government to adjust restrictive regulations on electric vehicles under the recently passed Inflation Reduction Act, according to the county’s trade ambassador Tuesday.Cho Tae-yong, ambassador of the Republic of Korea to the U.S., said officials are discussing “several possible options” to correct what the country believes to be unfair policies that eliminated up to $7,500 of tax credits for EVs produced outside North America.”We are in very intense conversation at the moment,” Cho said Tuesday following the groundbreaking of a $5.5 billion electric vehicle plant by Hyundai Motor Group near Savannah, Georgia. “There is a great wealth of goodwill and determination to find a solution on b …
