VW reconsiders EV battery factory location lured by US$10 billion in US government subsidies,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.
VW reconsiders EV battery factory location lured by US$10 billion in US government subsidies
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.
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