Manchin pushes to delay tax credits for electric vehicles

Source: US News & World Report

“Sen. Joe Manchin on Wednesday moved to delay new tax credits for electric vehicles, a key feature of President Joe Biden’s landmark climate law. Manchin said guidelines issued by the Treasury Department allow manufacturers in Europe and other countries to bypass requirements that significant portions of EV batteries be produced in North America. The climate law, officially known as the Inflation Reduction Act, ‘is first and foremost an energy security bill,’ Manchin said, adding that the EV tax credits were supposed ‘to grow domestic manufacturing and reduce our reliance on foreign supply chains for the critical minerals needed to produce EV batteries.’ Manchin’s bid to delay the tax credits surfaced as Energy Secretary Jennifer Granholm and White House climate adviser Ali Zaidi visited the Washington, D.C., Auto Show on Wednesday to highlight the administration’s efforts to boost electric vehicles and related infrastructure.” (01/25/23)

https://www.usnews.com/news/business/articles/2023-01-25/manchin-bill-would-delay-tax-credits-for-electric-vehicles