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IRA catalyses US$92bn investment into the US

Posted on - 12 Dec 2023

Category - News & Views

A study by the Center for American Progress estimates that the IRA, the Infrastructure Investments and Jobs Act and the CHIPS and Science Act have together helped to stimulate more than US$92bn in investment in the EV production, battery and critical materials industries and over 84,000 jobs in the US. Investment has jumped from US$14bn before the IRA to US$51bn since its announcement, according to the report, which was published just before the US moved to clarify the definition of Chinese content which governs how much in tax credits are available. The guidelines establish a 25% ownership threshold for foreign...

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