STORY: NOTE: YOU WILL RECEIVE THIS CONTRIBUTION WITHOUT ADDITIONAL SOUNDING O-ton Federal Minister of Economics Robert Habeck (Greens) “This Inflation Reduction Act has, for me that is one of the problematic parts, a provision that the subsidy that benefits electric cars only be paid out when the final assembly takes place in the USA. We didn’t do that in Europe, for example. We pay out our environmental bonus, no matter where the cars come from, simply because we think open markets make sense. The Americans have improved that insofar as that leasing cars are not included and the American leasing market is very, very large, well over half, so the problem is well over half solved Less heavily leased than cheaper cars, so you can’t equate that for every car company, but it’s a good move and it shows that the American side is also willing to come forward and build together rather than against each other.” – CUT – “This Inflation Reduction Act will not be reopened. So the legislative process has been completed and the American domestic political situation does not necessarily mean that this process should be reopened. But a law will then be made, and that is not the case in Germany either different, broken down into regulations, fanned out in interpretations: What exactly, from which limit values, to which products, how does it apply. And this work is now in the middle. It is well advanced for the automotive industry and for batteries, almost complete, but for Hydrogen not yet, not yet for critical minerals, i.e. not yet completed for raw materials. And in this respect there is still a good opportunity to come to agreements that allow European industry to participate, not exclude it, on the Inflation Reduction Act.”