Mercedes applies for tax relief for projects at two U.S. plants

Europe

BERLIN — Mercedes-Benz has applied for tax breaks for potential projects at two of its U.S. plants under the Inflation Reduction Act.

“We have decided to participate in the application process for production-related tax relief” under the IRA for the plants in Alabama and South Carolina, a company spokesperson said on Monday.

German daily Handelsblatt, citing several sources, reported that Mercedes is looking to expand its Alabama plant to produce the all-electric GLC from 2026 and wants to build fully electric delivery vans and medium-sized luxury transporters on the new VAN.EA electric platform at its plant in South Carolina.

A final decision is expected later this year or early next year, Handelsblatt reported. Mercedes did not want to comment on the production plan for the electric GLS.

The IRA is the U.S. government’s key incentive and investment program to transition the economy to climate-friendly production, including by encouraging carmakers to manufacture electric vehicles in the United States.

Products You May Like

Articles You May Like

Cadillac’s new Vistiq electric SUV starts at under $80,000, but higher trims can get pricey
Ferrari confirm launch date for Hamilton’s car
Cybertruck gets un-founded, Tesla computers fail, a Trump has a plan
What tariffs mean for car prices: ‘There’s no such thing as a 100% American vehicle,’ auto expert says
Tesla’s long-term focus, position land it huge new price target bump

Leave a Reply

Your email address will not be published. Required fields are marked *