Tesla Inc is suspending plans to make battery cells in Germany as it looks at qualify for electric vehicle and battery manufacturing tax breaks in the United States, the Wall Street Journal reported on Wednesday, citing sources familiar with the matter.
A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. REUTERS/Annegret Hilseis suspending plans to make battery cells in Germany as it looks at qualify for electric vehicle and battery manufacturing tax breaks in the United States, the Wall Street Journal reported on Wednesday, citing sources familiar with the matter.
The Inflation Reduction Act, which President Joe Biden signed last month, provides electric vehicle makers that source batteries from within the United States with tax breaks.Tesla did not immediately respond to a Reuters request for comment.
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