Volkswagen-owned Audi may build a factory in the United States, alone or with the Volkswagen Group, to take advantage of subsidies offered by the Inflation Reduction Act (IRA), the premium carmaker said on Friday.
are now announcing heightened investment in the United States over Europe in light of the IRA, worrying European officials.
The $430 billion IRA was passed last August and offers subsidies and tax incentives for a swathe of domestically produced green industry products, including a $7,500 consumer tax credit to buyers of North American-made EVs. It also includes a restriction on battery minerals and component sourcing to the region, in an attempt to phase out Chinese inputs.
Audi, which has committed to introducing only electric models from 2026, does not yet produce cars in the United States, but Volkswagen's plant in Chattanooga, Tennessee, last year began producing the ID.4 and is targeting 90,000 EVs in 2023. Volkswagen is also upgrading its Mexican plants in Puebla and Silao to starting building EVs, motors and related components by mid-decade.The carmaker's production chief Gerd Walker said last December it preferred to revamp its existing production network towards EV production rather than set up new greenfield projects unless more capacity was needed.
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