Magna Steyr, the Austria-based contract producer, is mulling the development of its first plant within the U.S., Kurt Bachmaier, the corporate’s vice chairman, stated.

“We need to enter the U.S. market. We’re intensively searching for a location proper now,” Bachmaier advised Automotive Information Europe sister publication Automobilwoche.

Bachmaier didn’t disclose the place Magna Steyr may construct its plant, however stated the corporate was taking a look at areas which have suitably certified workers, entry to suppliers and loads of area.

“We would like a climate-friendly plant,” Bachmaier stated, including that the plant may even require sufficient wind and solar to supply its personal electrical energy. He did say, nonetheless, that the corporate has dominated out California as a possible website.

President Joe Biden has signed a sweeping local weather, tax and healthcare measure into legislation that gives subsidies for electrical autos, however has stipulated that the EVs should be inbuilt North America.

The measure is named the Inflation Discount Act. Below the phrases of the act, about 20 electrified fashions will nonetheless qualify for EV tax credit of as much as $7,500.

The transfer, nonetheless, ends credit for about 70 % of the 72 fashions that have been beforehand eligible, the Alliance for Automotive Innovation, an trade commerce group, has stated.

Magna Steyr at the moment builds the BMW Z4, Toyota GS Supra, Jaguar I-Tempo, Jaguar E-Tempo and Mercedes G-Class fashions at its plant in Graz, Austria.

Manufacturing of Fisker’s Ocean full-electric SUV will probably be added in November.