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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]....
...who helped push the IRA through Congress last year....
...“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....
...IRA-related investment....
...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 US IRA excludes batteries originating in “foreign entities of concern”, such as China, from receiving funding....
...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....
...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...
...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....
...The young Russian, travelling incognito, was, of course, the Tsar of Russia, Peter the Great (Peter the Great: His Life and World by Robert K Massie). Ira Sohn New York, NY, US...
...“The EU has established a big milestone: net zero [emissions] by 2050,” says Peter Wilhelm, chair of the shopping centre industry group ECSP....
...“The passage of the IRA gave the United States the opportunity to be the leader in clean energy, not just a participant, but finally a leader,” said Peter Faricy, chief executive of SunPower, a residential...
...Peter Herweck, new chief executive of Schneider Electric, the industrial software and equipment group that ranks in the top 100 European companies by revenue, said a deeper political union “would resolve...
...Additional reporting by Peter Campbell in London...
...Peter — over to you for your own predictions for the new year....
...The rules made under the IRA have sparked a flurry of investments in the US from battery manufacturers....
...Josefowitz, who died in 2015, was introduced to Rembrandt’s engravings by a chance meeting on a flight with the American art dealer Ira Gale in 1969....
...Ireland, the implication being that the IRA no longer had to wage an armed struggle to get the “Brits” out....
...Northvolt has said the IRA, which offers huge subsidies to clean energy companies, is worth up to €8bn per battery factory....
...With its production tax credit for clean hydrogen, the landmark IRA instantly transformed the US into the most competitive market for the fuel....
...People like Peter King, the Republican New York Congressman, had been the bane of our life....
...Manufacturers may also benefit from another prong of the IRA reforms that caps out-of-pocket costs for drugs....
...The IRA is another initiative whose drafters didn’t stay awake at night fretting over what a WTO dispute settlement panel might think....
...“There were people who questioned whether it would come off for a very long time,” says Northvolt’s chief executive Peter Carlsson, who adds: “We can’t afford to have doubts.”...
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