Manchin Seeks to Block Korean Lobbying Push on EV Tax Rule

Senator Joe Manchin is pressing Treasury Secretary Janet Yellen to stand firm on North American-based manufacturing requirements for lucrative electric-vehicle tax credits under the Inflation Reduction Act, setting up a battle between the West Virginia Democrat and Korea’s Hyundai Motor Co.

At stake is whether Treasury would hand out the full $7,500 per vehicle in tax credits to more cars under a commercial-vehicle loophole. Manchin’s requirements say that retail EVs must be assembled in North America and with batteries made with minerals from friendly trading partners to get full credit. Hyundai and the Korean government have pushed for a ...