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How should Europe react to the Inflation Reduction Act?

The Sound of Economics

CHAPTER

What Are the Requirements for Leasing Vehicles?

There are various conditions. It includes final assembly of the vehicle that must take place in North America, a share of both critical minerals and battery components must come from North America to get the full credit. And then there's some specific sort of anti-China, Russia, Iran, North Korea, things. So it may redirect some demand towards those third countries, but then for China it's very bad, obviously.

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