BERLIN — Audi is planning an electric-car factory within the U.S. to reap the benefits of the subsidies offered through the Inflation Reduction Act (IRA), CEO Markus Duesmann told the Frankfurter Allgemeine Sonntagszeitung.
“We should not have a factory within the U.S. yet. With the American government’s Inflation Reduction Act, constructing a U.S. plant for electric cars has after all turn out to be highly attractive,” Duessmann told the newspaper in an interview.
Duessmann’s comments reinforce comments made in October to Automotive News by Oliver Hoffman, head of technical development for Audi, who said the corporate was considering a U.S. assembly plant within the U.S.
Audi would more than likely construct a joint plant with parent Volkswagen Group, which is planning on constructing more cars for the U.S. market locally in the long run, Duesmann added.
Automakers have lately moved to cut back export and imports across major markets just like the U.S., China and Europe and as an alternative localize production and provide chains to cut back transport and logistics costs.
But a growing variety of firms are actually announcing heightened investment within the U.S. over Europe in light of generous subsidies and tax incentives offered by the IRA, worrying European officials.