MARKET INTERVENTION IN ELECTRIC VEHICLE SEGMENT MAY IMPEDE TAKE UP BY CONSUMERS – SMMT CONFERENCE WARNED
October 28th, 2023
Policy initiatives aimed at reshoring large sections of the US automotive supply chain could seriously restrict the growth of the country's electric vehicle (EV) market, a key UK motor industry conference was told on Wednesday (Oct 18). Speaking at the UK Society of Motor Manufacturers and Traders' (SMMT) Global Trade Conference, in London, David Schwietert, chief policy officer at the Washington DC-headquartered Alliance for Automotive Innovation, aired concerns about the Biden administration's Inflation Reduction Act's (IRA) manufacturing incentives. While they ...
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