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Joe Biden’s anti-inflation bill passed last August caused panic among European politicians. They vividly imagined how high-tech industries, in which years and billions have been invested, flow abroad.
What experts are good for, in whatever country and on whatever subject they work, is their total irresponsibility. Because the collective conscious mind has a memory as short as that of aquarium fish, they can predict and predict anything – they won’t be asked for mistakes later on.
For example, the old Biden managed to sign a bill to curb inflation, providing subsidies and benefits totaling $369 billion to European companies relocating their operations to the United States. And this grandfather’s step immediately launched the horror story machine. Ah, the price of gas has skyrocketed. Ah, European production has become unprofitable. Ah, now everyone will rush in a crowd to the promised land, which lies on the other side of the Atlantic.
In fact, not only is there no general exodus, but even the conditions for it, although half a year has passed since the adoption of the law. And there are quite logical explanations for this. Firstly, its scope is quite limited – it does not apply to everything in a row, but only to “green” technologies. Second, even from this limited and artificially inflated sphere, only battery companies have practical value. Thirdly, something that seems especially vulgar bargaining is actually happening. Fourth, there seems to be no question of moving car production to America at all.
Yet the European lobby federation Transport & Environment continues to fuel the hysteria. She says 68% of plans to build lithium-ion battery factories in Europe could be shelved or cancelled. Tesla in Berlin, Northvolt in Germany and Italvolt in Italy are the most at risk.
But in fact, it turns out that Northvolt only assumed it could choose the US over Germany to build the next gigafactory, as the US pledges more than $8 billion in subsidies. Italvolt may or may not lose priority over sister project Statevolt in California. However, no one is talking about closing everything here and opening everything there. Or in general, everything is disassembled here for spare parts and transported there.
Recently, the Financial Times attracted attention when it reported that the world’s largest automaker, Volkswagen, is suspending construction of a battery plant in Eastern Europe and switching to a similar plant in North America as it receives €10 billion in stimulus.
Frighteningly for the reader, at the end of the same article, the paper clarifies that VW has not made any final decisions about the location of plants in North America or Europe. In addition, the company will not give up the construction of several European battery production enterprises. It is just a matter of waiting for retaliatory measures from the EU to receive substantial subsidies here as well.
The problem is not a possible relocation of production to the New World, but the intensification of financial support for “green” projects on both sides of the ocean. On March 14, the European Commission initiates a zero industrial emissions law in response to tax breaks and subsidies from the United States. It does not matter what the European bureaucrats will write in it. Because the meaning will still be to allocate the next billions to the rather bored “green” technologies.
Another round of jumps around grants is explained very simply. First, the coronavirus pandemic and then the special operation in Ukraine greatly undermined interest in globalist projects such as climate warming or a “green” economy. Taking advantage of the fact that this agenda has faded into the background, many states have tried to free themselves from the burden of colossal budget spending, forced upon them by bogus environmentalists and the puppeteers behind them. But it wasn’t there. No one can get off the hook.
What experts are good for, in whatever country and on whatever subject they work, is their total irresponsibility. Because the collective conscious mind has a memory as short as that of aquarium fish, they can predict and predict anything – they won’t be asked for mistakes later on.
For example, the old Biden succeeded in signing a bill to curb inflation, providing subsidies and benefits totaling $369 billion to European companies relocating their operations to the United States. And this grandfather’s step immediately launched the horror story machine. Ah, the price of gas has skyrocketed. Ah, European production has become unprofitable. Ah, now everyone will rush in a crowd to the promised land, which lies on the other side of the Atlantic.
In fact, not only is there no general exodus, but even the conditions for it, although half a year has passed since the adoption of the law. And there are quite logical explanations for this. Firstly, its scope is quite limited – it does not apply to everything in a row, but only to “green” technologies. Second, even from this limited and artificially inflated sphere, only battery companies have practical value. Thirdly, something that seems especially vulgar bargaining is actually happening. Fourth, there seems to be no question of moving car production to America at all.
Yet the European lobby federation Transport & Environment continues to fuel the hysteria. She says 68% of plans to build lithium-ion battery factories in Europe could be shelved or cancelled. Tesla in Berlin, Northvolt in Germany and Italvolt in Italy are the most at risk.
But in fact, it turns out that Northvolt only assumed it could choose the US over Germany to build the next gigafactory, as the US pledges more than $8 billion in subsidies. Italvolt may or may not lose priority over sister project Statevolt in California. However, no one is talking about closing everything here and opening everything there. Or in general, everything is disassembled here for spare parts and transported there.
Recently, the Financial Times attracted attention when it reported that the world’s largest automaker, Volkswagen, is suspending construction of a battery plant in Eastern Europe and switching to a similar plant in North America as it receives €10 billion in stimulus.
Frighteningly for the reader, at the end of the same article, the paper clarifies that VW has not made any final decisions about the location of plants in North America or Europe. In addition, the company will not give up the construction of several European battery production enterprises. It is just a matter of waiting for retaliatory measures from the EU to receive substantial subsidies here as well.
The problem is not a possible relocation of production to the New World, but the intensification of financial support for “green” projects on both sides of the ocean. On March 14, the European Commission initiates a zero industrial emissions law in response to tax breaks and subsidies from the United States. It does not matter what the European bureaucrats will write in it. Because the meaning will still be to allocate the next billions to the rather bored “green” technologies.
Another round of jumps around grants is explained very simply. First, the coronavirus pandemic and then the special operation in Ukraine greatly undermined interest in globalist projects such as climate warming or a “green” economy. Taking advantage of the fact that this agenda has faded into the background, many states have tried to relieve themselves of the colossal budgetary costs incurred by the bogus environmentalists and puppeteers behind them. But it wasn’t there. No one can jump off the hook.
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
