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Posted by Redaktion
 - 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.

https://www.notebookcheck.net/VW-reconsiders-EV-battery-factory-location-lured-by-US-10-billion-in-US-government-subsidies.699778.0.html