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United States of America (Kentucky): Kentucky Economic Development Finance Authority approves USD 240 million in tax incentives for EV and battery production

Description

In May 2023, Toyota secured around USD 240 million in tax incentives from the Kentucky Economic Development Finance Authority (KEDFA). The KEDFA disclosed the state aid in February 2024. The funding w...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

31 May 2023

Revocation date

No revocation date

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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