BERLIN — owned by Volkswagen audio could build a factory in the United States under the Inflation Reduction Act, it said on Friday, the latest company looking at investing in the region to take advantage of the subsidies it offers.
insurance fees carmanufacturer, sold about 190,000 yen cars in the United States last year, representing 11% of all sales, does not have a factory in the country and is not currently eligible for tax incentives and subsidies under the Inflation Reduction Act (IRA) for with vehicles sourced and manufactured in North America.
The $430 billion IRA was approved last August and provides subsidies and tax incentives for a wide range of locally produced green industrial products, including a consumer tax credit. value of $7,500 to buyers of North American-made products. tram.
It also includes a restriction on battery minerals and components sourcing for the region, in an effort to phase out Chinese input.
Audi plans to produce electric cars cars in all its locations globally by 2030, with no internal combustion engine models introduced after 2026.
“IRA built a power plant in America carIt’s very attractive,” Audi CEO Markus Duesmann said in an interview with Germany’s Frankfurter Allgemeine Sonntagszeitung, adding that it is likely the automaker will build a joint factory with volkswagen Group.
Industry magazine Automobilwoche reported on Friday that Volkswagen planned to build its own factory in the US for Scout brandwill produce electric pickups and SUVs truck.
When asked if the two plans are related, an Audi spokesman said different scenarios are possible and the company is still evaluating options.
Carmanufacturers in recent years have moved to reduce exports and imports in major markets such as the United States, China and Europe and instead localize production and supply chains to reduce transportation and logistics costs.
But one growing number of companies is now announcing new investments in the United States across Europe in light of the IRA, which is worrying European officials.
Carproducer Stellantis STLAM.MI said Thursday that it was working to localize battery supply and EV production, but the IRA gave it “further push to accelerate.”
Tesla group TSLA.O Have shrinking plan to manufacture batteries at its location in Brandenburg, Germany, and is prioritizing battery production in the United States due to the IRA.
Volkswagen’s plant in Chattanooga, Tennessee, started production last year ID.4 and is targeting 90,000 EVs by 2023.
Sources close to the company told Reuters last May that the plant would be expanded to produce electricity. small truck IDENTIFICATION. Buzz, but the Scout brand will build all-terrain electric pickups and sport utility vehicle require a new platform.
Volkswagen is also upgrading its Mexican plants in Puebla and Silao to start building electric vehicles, engines and related parts by 2025.
The carThe manufacturer is due to set in march how it will realign its production network around the world to scale up EV production.
