What can we expect from the green subsidies race? 5 experts explain.
www.weforum.org
Amid these tensions, the United States and Japan announced an agreement that will eliminate export duties on critical materials used to make electric vehicle batteries. In particular, the Inflation Reduction Act's local-content requirements for electric vehicle components and batteries have provoked
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- Amid these tensions, the United States and Japan announced an agreement that will eliminate export duties on critical materials used to make electric vehicle batteries.
- In particular, the Inflation Reduction Act's local-content requirements for electric vehicle components and batteries have provoked concern among US trade allies
- fear that their companies will be incentivised to relocate their operations to North America
- Volkswagen, one of Europe's largest carmakers, has already paused plans to build a new factory
- announced plans to instead shift its focus to a similar plant in North America
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