Despite a recent tax reversal by the US government, Swedish automaker Volvo Car is pushing forward with plans to build electric vehicles (EVs) at a new manufacturing facility in the United States. The company's decision to proceed with the project, valued at over $4 billion, comes as a significant vote of confidence in the US market for EVs. Volvo's move is seen as a challenge to the Biden administration's efforts to boost domestic EV production, following the Trump-era tax incentives that were rolled back last year. The new facility is expected to create thousands of jobs and cement Volvo's position as a major player in the US electric vehicle market.
Volvo Car to build EVs in US despite Trump's tax reversal Nikkei Asia
