Global Trade Alert
Global Trade Alert

United States of America: Introduction of tax credits worth USD 57.7 million for Mobis North America electrified Powertrain LLC under the Advanced Energy Project Credit Program

Announcement

19 Apr 2024

In April 2024, the US Department of Energy announced financial assistance under the Advanced Energy Project Credit Program.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

19 Apr 2024

Revocation date:

No revocation date

Announced: 19 Apr 2024
Tax or social insurance relief In force
On 19 April 2024, the Department of Energy awarded Mobis North America electrified Powertrain LLC (MNAe) an investment tax credit worth USD 57.7 million. This funding will support the construction of ...
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