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Audi considers U.S. plant as Inflation Reduction Act subsidies lure carmakers

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Audi, which is owned by Volkswagen, announced on Friday that it may build a factory in the United States in light of anti-inflation laws.

premium carA manufacturer that sold about 190,000 units carwas sold in the United States last year, accounting for 11% of total sales, but does not yet have a factory in the country. Made in North America.

A $430 billion IRA was passed last August, providing subsidies and tax incentives for a range of domestically produced green industrial products. This includes his $7,500 sales tax credit for purchasers of North American-made electric vehicles.

It also includes restrictions on sourcing battery minerals and components to the region in an attempt to phase out imports from China.

Audi plans electrification carwill be introduced everywhere in the world by 2030 and no new internal combustion engine models will be introduced after 2026.

“The IRA made the US build an electrical factory. carIt is very attractive,” Audi chief executive Markus Duesmann said in an interview with the German newspaper Frankfurt Allgemeine Sontagzeitung, citing the possibility of building a joint venture plant with the Volkswagen Group. Added the highest.

Trade magazine Automobilwoche reported on Friday that Volkswagen plans to build its own factory in the United States. scout brandsmanufactures electric pickups and SUV trucks.

When asked if the two plans were related, an Audi spokesperson said various scenarios were possible and the company was still evaluating options.

carIn recent years, manufacturers have cut imports and exports across major markets such as the United States, China, and Europe, instead localizing production and supply chains to reduce transportation and logistics costs.

but, growing company is now announcing new investments in the US instead of Europe in light of the IRA that is troubling European officials.

carManufacturer Sterantis STLAM.MI The company said on Thursday it was already working to localize battery supply and EV manufacturing, but the IRA gave it “additional incentives to accelerate.”

Tesla Inc. TSLA.O have downsizing plan We produce the batteries at our site in Brandenburg, Germany, and are prioritizing cell production in the US for the IRA.

Volkswagen’s plant in Chattanooga, Tennessee, began production of the ID.4 last year and is targeting 90,000 EVs by 2023.

A source close to the company told Reuters in May last year that it would expand its factory to produce the ID electric minivan. We plan to manufacture a sport utility vehicle.

Volkswagen will also upgrade its Mexican plants in Puebla and Silao by 2025 to start manufacturing EVs, motors and related components.

of carthe manufacturer is Layout planned for March How to reorganize production networks around the world to expand EV production.

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