Even as technology advances, and things become increasingly complex, it’s still the people that make it all work.
Highlights From JAMA USA
On January 18, the Japan Automobile Manufacturers Association (JAMA) submitted comments to the Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) in response to the December 4, 2023, notice of proposed rulemaking (NPRM) regarding Section 30D Excluded Entities. Below is a summary of those comments.
This year, the Japan Mobility Show (JMS), formerly the Tokyo Motor Show, returned to the world stage after a four-year long hiatus. The event showcased expansive, inviting, and inspiring mobility options that looked to redefine what the future can hold.
Recently, JAMA USA had the pleasure of attending the 2023 Japan-America Grassroots Summit, which was hosted by the Japan-America Society of Central Ohio (JASCO) in Columbus, Ohio. The summit celebrates the unlikely friendship between a young Japanese fisherman, Nakahama Manjiro, and Captain William Whitfield, which began in 1841 and eloquently illustrates one of the earliest encounters and friendships between the U.S. and Japan.
This year we are honored to celebrate a number of incredible production milestones from our members' facilities.
As JAMA members remain committed to the transition to electrified vehicles and continue to invest in the transition. However, building and bringing new facilities online takes time, and the timelines associated with the Section 30D tax credit’s critical minerals requirements remain very challenging.
Japanese automakers are among the most significant contributors to the nation’s manufacturing sector and to the U.S. economy. In recent years, the continued growth and economic importance of Japanese automakers have shown they are not just a vital part of the development of the “new” U.S. automobile industry, but they have also become critical contributors to the United States’ overall economy.
Japanese-brand automakers have continued to nurture this relationship by investing in local communities, leading with an innovative mindset, and bolstering U.S. competitiveness with their contributions to the U.S. economy and automotive industry.
The Japan Automobile Manufacturers Association, Inc. (current Chairman: Akio Toyoda) has unveiled the logo and concept for the JAPAN MOBILITY SHOW 2023 (formerly, the Tokyo Motor Show) to be held at Tokyo Big Sight, in the Ariake district of Koto-ku, Tokyo, from October 26 (Thursday) through November 5 (Sunday), 2023.
The Japan Automobile Manufacturers Association U.S. office (JAMA USA) has released its annual contributions update which shows that Japanese-brand automakers have continued to invest in American manufacturing and have cumulatively invested over $60.4 billion since first starting production in 1982. In addition to JAMA's annual contributions data, Dr. Prusa's employment study shows that in 2022 Japanese-brand automakers now support more than 2.29 million U.S. jobs.