Tesla recently made it clear to its partners in the Greenhead region near Berlin that it will continue its battery production plan in Germany, but because of the US tax preferential policies, Tesla currently prioritizes the production of batteries in the US.
In August this year, President Biden signed the Inflation Reduction Act, investing billions of dollars in climate protection and social sectors, including providing fiscal incentives for the construction of electric vehicles and battery production plants. The bill states that if the battery module is manufactured in the United States, it will be subsidized for $45 per kilowatt-hour. According to a study by Bloomberg New Energy Finance, the average price of lithium batteries in 2021 is $137 per kilowatt-hour. Therefore, Metesla has the motivation to hope to increase battery production at its Austin, Texas, U.S. plant at a faster pace than it had previously planned.
Tesla clarified that the ideal situation is that both the United States and Germany battery factories will increase their scale as soon as possible, but the subsidies from the "Inflation Reduction Act" make Tesla's priority in producing batteries in the United States with greater economic benefits. Tesla stressed that it was the first company to make this decision, but certainly won’t be the only one.
Tesla's factory in Greenhead, Germany has been producing electric vehicles since its opening on March 22, and the battery factory is still under construction for a long time. Tesla CEO Elon Musk announced about two years ago that he hoped that the Tesla battery factory near Berlin would become the world's largest battery manufacturing base. The Brandenburg State Government made it clear Thursday that they believe Tesla will continue to produce in Greenhead.
Tesla's rival Volkswagen held a groundbreaking ceremony for the battery factory in Salzgitter, Lower Saxony in July. According to an analysis by the Fraunhofer Institute for Systems and Innovation, Germany is expected to account for one-quarter of Europe's battery capacity by the end of the century.
Last year, Tesla gave up its billion-dollar subsidy for the production of batteries in Germany because that subsidy had to meet certain conditions before it could be obtained. According to Tesla, this is the priority for US birth
due to subsidies
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