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Auto industry cautious about IRA announcement

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Published: January 2nd, 2023,
Last updated: April 3rd, 2025

The recent relaxation signals from the US government on the Inflation Reduction Act (IRA) do not yet represent a solution to trade issues for the automotive industry. „The German government and the EU must continue to work for a solution regarding the discrimination of European products by the IRA,“ a VDA spokesman said on New Year’s Day upon inquiry. „In view of global developments, Berlin and Brussels must also finally face up to the intensified competition between locations. In this context, it is also important that the EU builds its own supply chains for electromobility.“

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Car Industry Electromobility Mobility Handelspolitik Inflation Reduction Act