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...“In addition to the pull factor [from the US’s IRA] . . . we would be adding a push factor encouraging batteries to be bought in China or the US [by not introducing cross-Channel tariffs]....
...“The IRA gives us a tailwind in terms of speed and consequence, so we have the possibility to enlarge our global footprint even faster in the US with the IRA.”...
...“[Cancellation of the IRA] would not make it less attractive to us, especially as a premium manufacturer....
...“The Koreans don’t take it as a base case that the [incentives] will be uncapped and available until 2032,” said Bush, noting the credit was the element of the IRA most likely to be targeted by a future...
...At the same time, moves by international carmakers to locate more production in the US to unlock the tax credits available under the IRA should also help them lower prices — potentially boosting sales....
...Panasonic’s Umeda said on Monday that, in the second quarter to September, the car battery business made a loss if IRA subsidies were excluded....
...The IRA, which offers subsidies to build a US supply chain for green industries such as electric vehicle and battery manufacturing, has tipped the balance of the non-Chinese battery industry away from Europe...
...With the IRA offering tax credits to purchasers of EVs assembled in North America, Hyundai is building a $7.6bn plant in Georgia, the largest investment of any carmaker in a new US electric vehicle factory...
...“This is about the future of the American automobile industry,” Ford said in a livestreamed speech on Monday, in a rare public intervention in the labour dispute....
...It also remains unclear how the IRA will be implemented. Currently, the number of EVs that meet its strict criteria, including localisation requirements on battery parts, is zero....
...Kurt Campbell, deputy secretary of state, last week said the US had “done war games with the Brits to think a little bit about scenarios in the Indo-Pacific”....
...“They are trying to find a loophole to get out of this and shouldn’t be allowed.” Data visualisation by Chris Campbell...
...“It’s going to bring money and business here,” said Kevin Robb Jr, a kitchen manager at a Caribbean restaurant near the site....
...“It is clear to them there is a target on their chest,” Dunne said. Additional reporting by Peter Campbell in London...
...The rules made under the IRA have sparked a flurry of investments in the US from battery manufacturers....
...Instead, according to the former Tory MEP David Campbell Bannerman, it now feels more like a sales conference where lobbyists thrive but activists are scarce....
...Multiple analyses estimate the IRA’s incentives could exceed $1tn in federal spending....
...“He’s saying the quiet bit aloud,” said Robert Campbell, head of energy transition research at Energy Aspects, referring to Calhoun’s comments....
...When it comes to the IRA, the message from Washington is “just do the same as us, because we are not going to change anything”. Data visualisation by Chris Campbell...
...Monday 60th anniversary of Martin Luther King Jr’s “I Have a Dream” speech on the steps of the Lincoln Memorial during the March on Washington Japan: the Japanese Aerospace Exploration Agency is scheduled...
...of the IRA’s incentives much higher)....
...All that contrasts with the typically hardline assessment of MP Ian Paisley Jr....
...Here is the National Security Council’s Kurt Campbell calling for “escape velocity” in a US-India relationship that he hopes Modi’s visit will consecrate....
...Ian Paisley Jr, a DUP MP, said the unionist community was “out of love” with the region’s institutions — but they could be the only way to preserve the union....
...Donaldson said his party would study the legal text of Sunak’s deal carefully and would not be rushed into a verdict. Ian Paisley Jr, a DUP MP, told the BBC the agreement “does not cut the mustard”....
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