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In response to
"to get the EV tax credits under IRA production and assembly have to be entirely domestic. the foreign companies have fully embraced that mandate"
by
hollywood big shot
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Ah. Was thinking domestic. All their assets (infrastructure, skilled workers, plants, etc.) are essentially in place.
Posted by
VMan
Sep 20 '23, 13:18
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I guess maybe retooling old facilities and what not may not match lifecycle of new plants, but I’m biased the workforce and other talent would be a big offset.
There are already very encouraging signs of investment in the region for the transition.
Can’t really speak to a foreign company planting their flag in NA.
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