People inspect electric vehicles made by Chinese automaker BYD during an auto fair in Jakarta, Indonesia, Wednesday, June 19, 2024. FILE - A Renault factory is visible on the outskirts of Tangier, Morocco, April 29, 2024. Investment in electric vehicle manufacturing is booming in Morocco, a country that neighbors Europe and enjoys a free trade agreement with the United States.
Critics say the rules are a giveaway to China and will extend its EV dominance. The Biden administration says the rules pave the way for billions in investment in EV manufacturing in the United States.In Morocco, a largely agrarian economy where the median income is $2,150 a month, giant industrial parks full of American, European and Chinese component makers have sprung up in the rural outskirts of Tangiers, Kenitra and El Jadida.
“To ride the wave of the IRA, you have to execute fast and comply with its regulations,” he said in an interview before the U.S. finalized its rules. “We have flexibility to be able to comply with all the changes in interpretation or rules.” Abdelmonim Amachraa, a supply chain expert who previously worked in Morocco’s Ministry of Industry and Trade, said Morocco was profiting from its “ability to coexist when a link can’t be found between China and the United States.”
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