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The IRA Targets Are Ambitious, Right?
Korea is the number two EV sales automaker in the United States, so this really puts them in a precarious position. I think it's very naive to imagine in the near term, we can completely cut violence on the Chinese supply chain for batteries and electric vehicles. You can't just cut their reliance from 2024. It takes time. So I think the intention's right, but it's going to take time to build up a supply chain especially in North America.