WASHINGTON : Major unions and public interest and environmental groups are urging President Joe Biden to reject efforts by the European Union and other foreign governments to revise U.S. electric vehicle tax incentives.The $430 billion U.S. Inflation Reduction Act (IRA) passed in August restricts $7,500 c
WASHINGTON : Major unions and public interest and environmental groups are urging President Joe Biden to reject efforts by the European Union and other foreign governments to revise U.S. electric vehicle tax incentives.
Foreign governments have been pressing the Biden administration to do more to expand credit eligibility. "We strongly urge you to ensure that the IRA is implemented as intended, without delays or technical changes that erode its promises to U.S. workers and climate goals," it said. EU Ambassador to the United States Stavros Lambrinidis said at the Washington auto show on Thursday that he was concerned by the"discriminatory" provision of the EV tax credit, arguing it means U.S. consumers"will have much less choice in what they can buy" that can receive the $7,500 credit.The letter rejected the suggestion from foreign governments that the EV tax incentives violate World Trade Organization and free trade rules.
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