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Audi plans EV factory in U.S. due to Inflation Reduction Act, CEO says

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A U.S. plant for electric cars has of become 'highly attractive,' CEO Markus Duesmann told a German newspaper.

BERLIN -- Audi is planning an electric-car factory in the U.S. to take advantage of the subsidies offered through the Inflation Reduction Act , CEO Markus Duesmann told the Frankfurter Allgemeine Sonntagszeitung.

Audi would most likely build a joint plant with parent Volkswagen Group, which is planning on building more cars for the U.S. market locally in the future, Duesmann added. The $430 billion IRA was passed last August and offers subsidies and tax incentives for a swathe of domestically produced green industry products, including a $7,500 consumer tax credit to buyers of North American-made EVs.

 

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