On a bi-weekly basis, Center for Automotive Research (CAR) welcomes our audience to decompress with our President and CEO, Alan Amici, as he covers and shares his thoughts on the latest Hot Topics happening in the automotive industry. While the biweekly newsletter primarily covers three topics, this feature story previews one of the topics covered on October 18, 2022. If you would like access to the full newsletter for better insights into critical industry issues you and your organization are facing, sign up for our mailing list here.
HOT TOPICS WITH CENTER FOR AUTOMOTIVE RESEARCH CEO 10/18/2022
Inflation Reduction Act and U.S. Investments
- Inflation Reduction Act launches U.S. EV battery plans
- Audi Considers Opening First U.S. Plant To Get EV Tax Credits
- $28 Billion In New Clean Energy Manufacturing Investments Announced Since Inflation Reduction Act Passed
- EV startup Arrival in talks on funds to launch in U.S. market
- CAR Podcast: September Sales Results and Inflation Reduction Act Cont.
Recent legislation providing incentives for localizing supply chains in the US is affecting more than assembly plant investment. Companies are also establishing EV battery plants in the US. Recent announcements by Ford, GM, VW, Toyota, and others show that OEMs are moving beyond the planning stages and are executing plans for new EV-dominated portfolios. China currently dominates EV battery supply chains for assembly and raw material mining and processing. US legislation aims to shift this balance, and global OEMs are responding with investments and partnerships. Look for this type of investment to continue and dovetail with infrastructure legislation that will seed states with a total of $5B for deploying EV chargers.
For more on this, CAR recently published a Whitepaper, “Inflation Reduction Act: Clean Vehicle Credits.” Read the full report HERE>>>.
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