Is the US Inflation Reduction Act (IRA) (see EUROPE B13012A16, B13077A10) gradually opening up? While the European Commission welcomes “access to the US subsidy scheme for commercial vehicles” and European battery manufacturers, it deplores the tax credits granted for the purchase of a non-polluting private vehicle produced or assembled in North America.
Flexibility for commercial vehicles
On Thursday 29 December, the US Treasury Department presented guidance notices on the IRA,...