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We gave the carrot already thanks to the IRA and CHIPS act, and it's paid off. Honda wouldn't be considering expanding it's US manufacturing presence without t
by alephnerd 2y ago
We gave the carrot already thanks to the IRA and CHIPS act, and it's paid off.
Honda wouldn't be considering expanding it's US manufacturing presence without the billions in IRA subsidizes given to Honda to help their EV transition (eg. moving the Honda Accord supply chain to Ohio in 2023-24)
But now is the time for the stick as well, otherwise all the subsidizes spent on IRA would be wasted by parts co-mingling, transshipment, and other loopholes.