China vs US: World's biggest car markets on collision course over production
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India, Sept. 23 -- Cars manufactured locally are eligible for a number of incentives in the United States with President Joe Biden signing the dotted line on Inflation Reduction Act (IRA) recently. While this means that manufacturers who have production facilities in the US would benefit as incentives would make their products appeal better to potential customers, those who don't have factories here are likely to miss out. And this isn't going down too well with several countries with China being the latest to call IRA 'discriminatory.'
Many manufacturers have bases in China and export units from here to global markets which at times include the US. But IRA could mean such manufacturers may increasingly look at shifting base to the US to...
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