Volkswagen Group could choose the US to host one of six giant battery plants it will build in Europe by 2030. Finance Timespointing directly Reduction Inflation Act (IRA) The US disinflation law – the main trigger for this change.
However, there is no need to panic or worry by the factory. saguntinside Valenciaalready presented and guaranteed by group, but Eastern Europe. Already in 2021, from EL NEWSPAPER We had unspecified that the firm planned to build it in a country in the eastern part of the continent and that more details about the location would be given in 2022. This Czech Republic was one Favoritesto be home skodaHowever Hungary it was raising its hand as a competitor that had already attracted investment. GS Yuasa, SK Innovation And Samsung SDI.
However, the expected news in 2022 did not come and factory Eastern Europe remains unfulfilled. Amid this uncertainty, the North American option wins the integers before the law comes GONNATo be fully defined and allocated by mid-March $369,000 million promoting green industrial initiatives and promoting decarbonisation.
According to that volkswagen groupin a statement to the agency. European Press“has not been decided yet. We stick to our plan To establish battery factories with a capacity of approximately 240 GWh in Europe by 2030”. These words may seem optimistic, but they add from the German consortium “Competitive framework conditions are necessary for this.”. “So we expect to see what the EU’s so-called ‘Green Deal’ will bring.”
Europe He sees how US laws can become a major competitive hazard for his industry. For example, among the measures in this aid package to grant for buys related to electric cars. Among its requirements, however, was that both the vehicle and its components be manufactured in the United States; this was a barrier that put European and Asian brands that lacked industrial strength in the country at a clear disadvantage. Even local companies tesla they complained because it’s part of them components when appropriate, originate Chinese.
since its launch, European Commission takes months discussion with United States of America for straight these requirements. The latest news at the end of December was the inclusion of European electric vehicles registered to companies and professionals, although they are mandatory. End production in North America. administration Joe Biden I wanted the law to come out by the end of 2022, but finally all the details will become clear this month.
According to that Finance TimesIf it decided to set up a gigafactory in the US, the consortium would receive assistance between the two parties: 9,000 and 10,000 million euros for its construction. “IRA terms are so appealing that Europe risks losing billions of dollars in investment said it will be decided in the near future, recently Thomas Schmall, head of technology for the German group, at LinkedIn. “Today, the battery business is run by Asian companies and the United States is catching up thanks to the IRA.Europe lags behind“, added.
These are gigafactory projects approved in Europe.Transport and Environment (T&E)to provide more data, 68% 50 percent of the projects planned for the production of batteries for electric vehicles in Europe carry a risk.medium or high” from being interrupted or lost by US law. “The situation in the EU is extremely delicate. Europe must act or it must risk losing everything. A green industrial policy focused on batteries with EU-wide support is urgently needed to increase the production of batteries.
One of the best examples of what happened is marked exactly as follows: volkswagenrecently refused the construction of a factory in Germany to manufacture the project cars. triple production in a few years. Wolfsburgand yet choose to set up a new factory in Blythewood, South Carolina to manufacture new electrical components that the group will launch under the reborn Scout brand.
This factory will be operational in 2026 and will involve an investment. 2 billion dollars and creation 4,000 new jobs. The decision makes sense, especially since it’s a reborn brand for the North American market, but it’s another sign that Volkswagen won’t hesitate to invest in North America, but it’s reviewing all projects designed for Europe.