[ad_1]
Episode 129 of Right down to Enterprise podcast
Article content material
Final week, as Prime Minister Justin Trudeau visited Washington, D.C., the U.S. Home of Representatives handed a sprawling almost US$2 trillion infrastructure invoice that addresses many points however leaves some Canadians involved: One provision within the invoice, in its present draft, ultimately would give U.S. customers a tax credit score of as much as US$12,500 in the event that they buy an electrical car made within the U.S. by union employees.
Article content material
This week on Down To Enterprise, Flavio Volpe, president of the Automotive Elements Producers Affiliation of Canada, spoke about what the tax credit score means for this nation — the place many world automakers assemble autos which are ultimately offered within the U.S.
Volpe mentioned the tax credit score, which might incentivize automakers to construct EV meeting crops within the U.S., flies within the face of the Canada-U.S.-Mexico commerce settlement, which envisioned an built-in North American provide chain for cars. Certainly, the three nations’ auto sectors have been built-in for many years.
However the U.S. Senate nonetheless must cross its personal model of the invoice, and Volpe predicted the tax credit score would in the end be dropped. The dialogue touched on a variety of points, together with the formidable authorities insurance policies to speed up the adoption of electrical autos, the decline of U.S. manufacturing and the rise of China.
[ad_2]
Source link
