European OEMs seek “even playing field” in the U.S. in Inflation Reduction Act

October 14, 2022

European Union and U.S. officials will hold talks on Thursday and Friday to discuss ways to grant EU companies, including electric car makers, the same status as U.S. companies in the U.S. market, to avoid what the EU calls discrimination against its producers by the U.S. Inflation Reduction Act, a top EU official said. The EU is complaining that while it allows government tax breaks or subsidies for purchases of U.S. electric cars like Tesla, the United States makes such support conditional on the car, or parts of it, being made in the United States. The EU car makers —such as Volkswagen — are affected by the U.S. legislation, which covers a host of other products. Read original article here.

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