June 20, 2024
AnalysisDriving Capital
The USMCA, the IRA, and Mexico’s electric vehicle boom
Since President Biden signed the Inflation Reduction Act (IRA) into law in August 2022, the Mexican auto assembly and parts industries have been booming. Tesla and the Chinese state-owned carmaker Jetour announced the construction of new factories for electric vehicles…
July 16, 2022
AnalysisDevelopment Engines
NAFTA, electric vehicles, and the evolution of Mexico's auto industry
In December 2021, President Joe Biden announced a proposed consumer tax incentive for electric vehicles (EV) made in the US by unionized autoworkers. The tax incentive aims at tackling climate change while also strengthening unionized jobs. It promises to support…