José Muñoz, Hyundai Motor’s global chief operating officer and president and CEO of Hyundai and Genesis Motor North America with the Hyundai Ioniq 9 at the Los Angeles Auto Show on Thursday. (AP/YONHAP)

Hyundai Motor is ready to tackle any future regulations in the United States, according to the company’s global chief operating officer.

“As (Hyundai Motor) continues to pursue its long-term goal of electrification, we must offer customers choices such as hybrid vehicles and extended range electric vehicles (EREV),” José Muñoz, director of the Hyundai Motor’s global operation and The president and CEO of Hyundai and Genesis Motor North America told reporters at the Los Angeles Auto Show on Thursday, according to the JoongAng Ilbo.

“We are ready for any regulation,” he said, adding that the United States “is and will remain” the company’s most important market.

Hyundai Motor Group announced in August that the company would double its hybrid offering from seven to 14 vehicles in its lineup, while all Genesis vehicles except the all-electric GV60 would also receive a hybrid powertrain in the aim of combating the slowdown in activity. the electric vehicle market. The company is also developing EREV technology, referring to electric vehicles with an internal combustion engine that, instead of powering the wheels, is used exclusively to charge the battery for more optimized energy use.

Muñoz also said the company “does not plan to receive any incentives” with its new electric vehicle manufacturing plant in Georgia because the decision was made before the introduction of the Inflation Reduction Act (IRA) , which provides tax benefits to companies building electric vehicles in the United States and consumers buying them.

It has been reported that President-elect Donald Trump’s transition team is proposing to eliminate the maximum $7,500 tax credit for consumers purchasing electric vehicles.

“I think the direction of Hyundai Motor, set by Euisun Chung, executive chairman of Hyundai Motor Group, and Chang Jae-hoon, CEO of Hyundai Motor, is correct,” Muñoz said.

BY KO SUK-HYUN, CHO YONG-JUN ([email protected])