Latin America. According to the association, the Inflation Reduction Act in the United States will incentivize the production of zero-emission auto parts in Mexico.
This week, the National Auto Parts Industry of Mexico (INA) announced at a press conference that the auto parts sector estimates a growth in the production of zero-emission auto parts and recharging stations in Mexico, derived from the Inflation Reduction Act (IRA) in the United States, among other factors.
This law includes, among other important issues, incentives such as a current tax credit of $ 7,500 to buy an electric vehicle, as long as it is less than US $ 80,000 in the case of vans, SUVs and pickups; and US$55,000 for other vehicles.
INA's forecast is that, between 2035 and 2040, 50% of the cars manufactured in the region will be zero emissions. For the organization, this will represent an important opportunity for the auto parts sector.
Also, in terms of charging stations, INA reported that there are 1,189 charging vehicle stations in Mexico. The leading country globally in this regard is the Netherlands, with more than 58,500 stations; followed by Germany, with 24,600; and France, with 21,000.
On the other hand, the entity reported that the country has 2,193 electrical connectors, which represents a ratio of three to one of cars per charger installed.
INA also announced that in the last 23 years, the Free Trade Agreement between Mexico, the United States and Canada (T-MEC, formerly NAFTA) has attracted a foreign direct investment of US $ 48,347 million in the auto parts sector and, with it, the creation of 875,000 direct jobs.
"Our country is the main supplier of auto parts to the United States, since 39% of that country's total imports come from Mexico; that is, about 80,000 million dollars at the end of this 2022, "concludes the statement of the association.
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