TOKYO -- The chief executive of Hyundai Motor said that the South Korean company will continue to deliver competitive electric vehicles for U.S. customers even without government subsidies, expressing the company's strategy to not be affected by Washington's energy policy after its tight presidential election next week.
South Korean businesses are facing uncertainty over their U.S. business environment after the presidential election, set to be held next month, particularly due to the Biden administration's Inflation Reduction Act that has attracted billions of dollars of investment from Korean companies including Hyundai. While Democratic runner and U.S. Vice President Kamala Harris supports the IRA program, Republican candidate and former U.S. President Donald Trump vowed to reverse it.
