VW Halts European Battery Plant In Wake Of U.S. Incentives For American-Built EVs | Carscoops carscoops
Writing on LinkedIn, a senior VW engineer present at the meeting warned that Europe risked missing out on “billions” of investments in the years ahead if Europe didn’t provide state aid and low-cost green energy. And he explained thatwas making “much faster progress” with its plans for battery plants in North America than it was with the Eastern Europe proposal.
Former VW boss Herbert Diess announced two years ago that the company would build six gigafactories in Europe, though thereports that VW’s CFO, Arno Antlitz as saying it would have built a North American factory anyway. But Antlitz admitted that the passing of the Inflation Reduction Act had fast-tracked the American program.
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