Hyundai Motor stated during the 2024 fourth-quarter earnings conference call conducted on the 23rd that, "The Trump administration is saying it may reduce or eliminate the Inflation Reduction Act (IRA) subsidies, but it must pass through Congress to be abolished," and added, "I believe that process will not end quickly. There is a possibility it will be maintained until the end of this year." It went on to note, "We started trial production at the Hyundai Motor Group Meta Plant America (HMGMA) in October of last year," and added, "The Ioniq 5 and Ioniq 9 produced here will be able to receive subsidies as long as the subsidy policies remain intact."
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