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Global Trade Alert

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United States of America/State of California: $12.725 million tax credit for the production of electric vehicles

Description

On April 14, 2016 GO-Biz awarded a California Competes Tax Credit of $12,725,000 to Faraday and Future, Inc. in an agreement to manufacture electric vehicles including competitive racing and electric...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

14 Apr 2016

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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