Audi mulls US EV plant incentives

Audi is considering building a new electric vehicle (EV) plant in the United States.

Audi considers US EV plant

The decision comes in response to the Inflation Reduction Act (IRA), which stimulates EV production in the country.

IRA stimulates EV production

Audi's e-tron EVs are currently manufactured in Brussels, Belgium, while a factory near the US is based in San Jose Chiapa, Mexico.

Current Audi EV plants

If Audi builds a US-based EV plant, it will likely be a joint venture with the Volkswagen Group.

Joint venture with VW

The IRA requires EVs to be assembled more widely in the US to qualify for some tax credits.

IRA requires US assembly

Other federal regulations such as the CHIPS and Science Act are also encouraging companies to manufacture EV products in the US.

Federal regulations encourage US production

The IRA has already spurred more than $28 billion in EV industry investment announcements between August 2022 and the end of the year.

IRA spurs $28B in investment

A new EV plant in the US would better align with these plans.

New plant aligns with plans