DHe is an electric car maker Tesla A media outlet has reported that construction plans for a battery factory in Germany have been put on hold for the time being. According to a Wall Street Journal report, billionaire Elon Musk’s company is currently studying whether a location in the United States would be more favorable in light of a new US law encouraging domestic battery production.
Friday morning German time, Tesla said it continues to rely on it Battery manufacturing in Germany, but I would like to give priority to USA because of the possibility of extensive financing. According to a report by the German Press Agency, the company explained this to partners in the region. The company has clarified that both the battery factories will be upgraded as soon as possible. Tesla declined to comment when asked.
President Joe Biden’s administration plans to give US citizens a €7,500 tax break for driving US-made electric vehicles. America Buy a manufactured battery. Tesla planned to build a battery factory in Germany in addition to the car factory already built near Berlin. If fitted, batteries must be shipped to the US for installation in vehicles.
The Wall Street Journal reported, citing insiders Musk The company initially wanted to study the effects of the US law and put its project in Germany on hold until then. The manufacturer submitted a document to the Texas Auditor’s Office in late August, days after the law was passed, to explore the possibility of building a lithium refinery in the southern state.
EU Commission calls tax credits “discriminatory”.
The Prime Minister of Brandenburg is traveling this Sunday Dietmar Voytke and his economy minister Jörg Steinbach (both SPD) to the United States. In addition to political talks in Washington, a meeting with representatives of electric car maker Tesla is also planned. It was unclear whether Tesla boss Elon Musk would participate.
The US government’s plans are also viewed critically in Brussels. The EU Commission described the tax credits for buyers of US products as “discriminatory”. Brussels officials see this as a disadvantage for companies Batteries source their e-vehicles from abroad, a spokesperson said. This is a violation of WTO rules.
Federal Economy Minister Robert Habeck (Greens) also said he spoke to his US counterpart about the law in question on the sidelines of a meeting of G-7 trade ministers. It’s normal for him to point out “the interests of German companies or European companies” when talking to partners, he added. It’s about “fair trade”.
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