The race is on in the global battle for electric automotive manufacturing. Across the world, investments are being made in new electric vehicles and the supply chain that goes with it. Well-known manufacturing brands are building EV factories, battery gigafactories and electrified supply chains â and governments are competing to help them to ensure their nations are leading the way when it comes to greener transport.
The United States has announced a $2 trillion package of measures for clean technology, including its $370 billion Inflation Reduction Act. The European Union is proposing a Green Deal Industrial Plan, easing restrictions on state aid to attract these investments. Manufacturers are being offered money, infrastructure, discounted renewable energy and whatever help they need to make a long-term investment.
