Tesla suspends battery plant project in Germany

Washington already in August adopted a provision that would provide tax incentives for manufacturers if the batteries are manufactured and assembled in the United States, according to the business newspaper in its Thursday edition. (Photo: 123RF)

NEW YORK – Tesla has halted plans to build a battery plant in Germany to see how the group can respond to new regulations on subsidies for purchases of electric cars in the United States, according to Wall Street Magazine.

Washington already in August adopted a provision that would provide tax incentives for manufacturers if the batteries are manufactured and assembled in the United States, according to the business newspaper in its Thursday edition.

The law also provides for a subsidy for the purchase of an electric car of up to $7,500, provided that the final assembly of the cars takes place in North America and that the raw materials used for the batteries come from an increasing proportion. from the same area.

However, Tesla has so far planned to build a battery plant in Germany, as well as a car factory already installed near Berlin, with some likely to be sent to the United States.

So Elon Musk Group is studying the implications of new US regulations and, meanwhile, is postponing its project in Germany, according to reports. Wall Street Magazine Quoting sources familiar with the matter.

Tesla did not immediately respond to a request from AFP.

In late August, a few days after the law was passed in Washington, the electric vehicle manufacturer filed a file with the Texas Comptroller of Public Accounts invoking the possibility of building a lithium refinery in that state.

See also  The focus of the Edinburgh event on space technology will help UK-Switzerland trade reach new heights

The final product, lithium hydroxide, will be shipped by road and rail to various Tesla battery manufacturing sites in the US, details the company, which is seeking tax credits to complete its project.

However, Tesla specified that it is still in the “feasibility assessment” stage and stressed that it is also studying the possibility of building a similar site in Louisiana.

Leave a Reply

Your email address will not be published.