English => News => Topic started by: Redaktion on March 08, 2023, 15:33:37
Title: VW reconsiders EV battery factory location lured by US$10 billion in US government subsidies
Post by: Redaktion on March 08, 2023, 15:33:37
Yet another European battery factory may fall victim to President Biden's federal tax credits for made-in-US packs, this time a VW project. Instead of building it in Eastern Europe, VW ran the numbers and concluded that it will be better off collecting US$10 billion in US government subsidies for it.