Released January 11, 2022 | cordoba, argentina
en
Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S.' "Build Back Better" plan provides a tax incentive of $12,500 for the purchase of electric vehicles, and would include $4,500 for cars produced with the unionized and national workforce in the U.S.
For Mexico and Canada, this plan is not very encouraging. The tax incentive would benefit only U.S. automakers and goes against the U.S.-Mexico-Canada trade agreement put into force under former President Donald Trump. Automakers in the Mexico and Canada say the tax incentive could destroy hundreds of jobs in their respective countries.
Due to this, Mexico and Canada are one step away from requesting international aid by resorting to the World Trade Organization for action to be taken. Both countries consider that they have an excellent relationship with the U.S., which leads them to think that they will soon reach an agreement.
Industrial Info is tracking more than 990 automotive plants in Mexico and Canada, with 6,500 management contacts. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Plant Database can click here for the profiles.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
For Mexico and Canada, this plan is not very encouraging. The tax incentive would benefit only U.S. automakers and goes against the U.S.-Mexico-Canada trade agreement put into force under former President Donald Trump. Automakers in the Mexico and Canada say the tax incentive could destroy hundreds of jobs in their respective countries.
Due to this, Mexico and Canada are one step away from requesting international aid by resorting to the World Trade Organization for action to be taken. Both countries consider that they have an excellent relationship with the U.S., which leads them to think that they will soon reach an agreement.
Industrial Info is tracking more than 990 automotive plants in Mexico and Canada, with 6,500 management contacts. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Plant Database can click here for the profiles.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
