Audi Mulls U.S. EV Plant
Brand, VW Group as a whole, want to take advantage of new federal tax breaks.
Audi E-Trons. All of the brand's EVs are currenlty imported into the U.S.
IMAGE: Audi
Audi is considering building its first U.S. manufacturing plant, the carmaker told Automotive News.
A new federal tax credit that’s part of the Inflation Reduction Act requires electric-vehicle batteries to be made in North America, among other geographic requirements meant to wean the U.S. from Asian suppliers of EV supplies.
The brand is part of Volkswagen Group, which aims to eliminate internal-combustion models in most of the world by 2035.
An Audi executive told Automotive News that the new measure will affect its strategy in North America, where it currently has one plant, in Mexico. Making EVs in the U.S. could help VW take advantage of the new tax break.
Automotive News said the VW ID4, which is made in Tennessee, is the only EV model in the group that could meet the new tax break’s requirements. All Audi EVs are currently imported into the U.S.
READ MORE: Biden Announces Funds for EV Chargers at Auto Show
More Dealer Ops
Dealer Debrief: Defection Data & EV Updates
In this week's debrief, host Lauren Lawrence discusses how to use defection data to your advantage and the latest on EV sales and charging infrastructure.
Read More →
How Defection Data is Bridging the Dealership Conversion Gap
Lead volume is flat, cross-shopping is up and brand loyalty is in retreat. As confident sales teams keep losing buyers they thought they had, daily industry sales data is showing dealers exactly where their funnel is breaking and how to fix it without buying a single new lead.
Read More →
Dealer Debrief: Where are you losing customers?
In this week's debrief, host Lauren Lawrence discusses the hidden leaks in dealerships where you might be losing customers without even realizing it.
Read More →
Dealer Debrief: Improving Your Inventory Management
In this week's debrief, host Lauren Lawrence covers a new survey that shows what service technicians really want and two launches that could help improve your inventory and vehicle life cycle management.
Read More →
Ladies and Gentlemen, This Is a Dealership: Why the Fundamentals Still Decide Who Wins
A teaching moment by a legendary football coach happens to apply perfectly in the auto retail space. Learn what it is and how to use it to your store’s advantage.
Read More →
What Market Timing Mistakes Mean for Your Reinsurance Program
When volatility hits, dealer-owned reinsurance programs face a familiar temptation: pull back and wait for calmer waters. New data from BOK Financial shows why that instinct can quietly cost you years of surplus growth.
Read More →
Dealer Ads and the FTC
The agency has made it clear in recent enforcement actions and warnings, in auto retail and other industries, that advertised prices must include all nonoptional costs to the consumer.
Read More →
Used Autos Supply Dwindles
The March shopping surge, despite high prices, cut into inventory by the most since the thick of the pandemic, Cox Automotive analysts calculated.
Read More →
Managing Risk Effectively Through Changing Times
The variables influencing risk pricing have changed significantly over the past five years. Being proactive and responsive to emerging trends is not optional but essential.
Read More →
Survey Reveals What Won't Fix What's Breaking Car Sales
AutoPayPlus says extra-long auto loans are trapping consumers and threatening the dealer trade-in cycle, and that the industry is leveraging the wrong tools to combat high MSRPs.
Read More →