This new aid is included in the general plan adopted in August 2021 by the US Congress. We are talking about Inflation Reduction Act (IRA). A text that caused controversy after its publication, particularly in Europe. We will return to this later.

15.5 billion for the transition

Some American automakers are struggling with electric cars because they can’t make a profit on them. The fault lies, in particular, with the factories, which are not such optimized build this type of car.

Companies in dire straits like GM Or Ford can ask for help in the form of financial grant. This aid will be used to convert existing factories so that they can to produce electric cars as well as components.

A push that may also reassure workers at various car factories in the country. Manufacturers would be more inclined to save current jobs with it because this transition is already announcing mass layoffs in this sector.

400 billion plan

When running this text Congress The United States released, in general, a modest amount 400 billion dollars. It was in this envelope that the Biden administration decided to dedicate 15.5 billion to the conversion of American car plants.

With this text, the United States wants to take the lead in the revolution that is happening now. This is from green energywith decarbonization and appearance new fashion transport.

Because yes, the 400 billion from the IRA is not earmarked simply for the American automotive industry. This money will be directed, including, to the production of components for solar energyFor wind energy, give bonuses purchase of electric vehicles or even distribution tax credits for the production of green electricity.

Once released, this plan had an effect worry about strongly European Indeed, when the text came out, we learned that the IRA had granted access to the bonus 7500 USD when buying an electric car. An environmental bonus that is granted only if it is a car assembly in North America and/or that its battery is made from minerals mined in the United States or in a country that has signed a free trade agreement with Uncle Sam’s country.

In the following weeks, many market players, including European manufacturers, announced that they wanted to build factories in the United States in order not to lose a huge customer base. Then the European Union evaluated this measure “discriminating” to foreign manufacturers.

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