The EU has come up with it’s own version of the IRA that the US has introduced to speed up EV uptake.
A good reason for SYA not to go all out sending product to the US only.
The rail to port facility will allow SYA access to both markets and take advantage of competition between the two."China has been openly encouraging energy-intensive companies in Europe and elsewhere to relocate all or part of their production," she said, speaking at the World Economic Forum in Davos, Switzerland. "To get ahead of our competition, we need to make Europe more investment friendly."
The EU intends to respond "more robustly" and to that end has proposed a new 'Net-Zero Industry Act,' inspired by the EU's chips act last year, which will fasttrack clean-tech production sites and increase funding for strategic sectors.”
https://euobserver.com/green-economy/156612
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