Audi, U.S. electric plant, will take advantage of the Inflation Reduction Act February 24, 2023 4

Inflation Reduction Act (IRA) which causes a lot of discussion in the European Union, continues to attract investment from car companies to the United States. Apparently also Audi he will think about taking advantage of the concessions made by the American government.

Indeed, according to the Frankfurter Allgemeine Sonntagszeitung, CEO Markus Duesman stated that Audi is considering plant construction for production electric vehicles In the United States.

We don’t have a factory in the USA yet. With the passage of the US government’s Inflation Reduction Act, building an electric vehicle factory in the US has obviously become very attractive.

Duesmann then added that no final decision had yet been made. However, the first representative of the automaker said that he was ready to evaluate both the possibility of creating a new plant and the possibility of building a plant with other Volkswagen Group brands.

While the Volkswagen Group has not announced a change in its growth strategy for the US market since the Inflation Reduction Act (IRA), Dusmann’s words seem to make it clear that the German group is considering using grants provided by the Biden government. After all, the number one of the 4-ring house added that he expects the German group to build many more cars in the United States in the coming years.

The Inflation Reduction Act (IRA) also bindspayment of benefits for electric vehicles to domestic car production. For this reason, many automakers have thought about moving part of their production activities to the United States. A possible outflow of investment from European companies is clearly worrying EU policymakers who are working to find a solution.

All that remains is to wait to see if Audi or the Volkswagen Group actually decide to take advantage of the Inflation Reduction Act (IRA) provisions to invest in a new electric vehicle plant in America.