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Tuesday, December 06, 2022

The EU will negotiate with the United States for equal benefits for European electric cars

The United States has promoted a new law called “inflation reduction lawThe text gives significant support to electric vehicles manufactured in the United States, and enables them to rely on certain tax benefits in their purchases. Now, The European Union will negotiate with the North American country so that electric cars manufactured in the old continent can also get these benefits.,

Recently some EU officials have announced this. Through these negotiations, the deal is expected to signal parity between American and European companies, although Affects not only car manufacturersBut also for other companies that produce renewable energy equipment or even hydrogen, such as batteries, electric motors or other elements.

From Europe they refer to the fact that vehicles produced in the United States in the Old Continent are not exempt from tax benefits, therefore This country should do the same to the people made in EuropeBecause it can significantly affect the support the car gets in society.

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Valdis Dombrowski, Vice President of the European Commission and Responsible for Trade, will present some Talks with the United States Trade Representative, Katherine Tai, In addition, there will also be Gina Raimondo, Secretary of Commerce and Janet Yellen, Secretary of the Treasury. The meeting will take place next Thursday and Friday and will consist of several sections, many of which are hot topics among European manufacturers.

Valdis Dombrowski will be responsible for carrying out these negotiations.

Dombrowski defended his position, claiming that Tesla vehicles have been some of the best-selling electric vehicles in Europe for years And that this would not have been the case had it not received the subsidy and tax benefits on its acquisition. “While EU electric cars do not get the same subsidies in the United States. This is discrimination and we want to address it”, said the European representative.

This US law is significantly affecting the sales of European cars such as Volkswagen Group. Recall that just a few days ago, Audi announced its intention to set up its new electric car factory in the United States, in order to enjoy these subsidies on the sale of its vehicles.

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Dombrowski himself admitted that “there is a willingness on the part of the United States to participate. We hope that we can resolve these issues before they become disputes.This representative announced that the negotiations would be aimed at achieving the same benefits as EU companies based in the United States, rather than requiring them to send a substantial portion of production to North America, which would mean a Big investment.European manufacturer.

United States Trade Representative Catherine Tai was recently asked about these talks and whether there was any chance of success; For this, The leader admitted that he was hopeful that a settlement would be reached between the two sides. During next week’s meeting. “I have full confidence that we will move forward based on the relationship between the European Union and the United States,” he acknowledged.

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