‘French version of IRA’ Hyundai gets subsidies, Kia Niro excluded... "Official objection raised"

The French government (Ministry of Economy) has officially decided to file an objection with France after the Niro was excluded from the list of electric vehicles eligible for subsidies.

On the 15th, the Ministry of Trade, Industry and Energy announced that it plans to officially raise objections with France, together with the industry, to ensure that domestically exported electric vehicles are included in the list of vehicles eligible for subsidies announced by the French Ministry of Economy.

Earlier, on September 20, France announced a revised electric vehicle subsidy plan that added carbon emission standards during the manufacturing process of electric vehicles, and from October, it began accepting subsidy application documents from manufacturers.

Among the 79 vehicle models eligible for subsidies announced by France, the vast majority are European-made vehicles. Vehicles produced in countries far from France, such as Korea, China, and Japan, were mostly excluded. Among Korean industry vehicles, the Kona produced in Europe was included, but the Niro exported from Korea was excluded, meaning vehicles contracted after the 16th will no longer be eligible for subsidies.

The Ministry of Trade, Industry and Energy has been conducting seven rounds of practical consultations with France on the subsidy revision since June, before the announcement of the revised plan, considering that the revision could hinder electric vehicle exports. During this process, the revised plan included provisions allowing the industry to have its self-calculated emissions recognized through an official objection procedure if there are disputes over the carbon emissions assessed by France.

Accordingly, the Ministry plans to officially file an objection together with the industry so that the Niro, excluded from the subsidy list, can have its carbon emissions reassessed. Additionally, it plans to request that the objection procedure be expedited through high-level consultations between the two countries. Our industry also plans to continue targeting the French market by adjusting global production plans and sales strategies.

This content was produced with the assistance of AI translation services.