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International opposition mounts to proposed U.S. EV tax credit -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: A fast-charging station for electric vehicles (EVs) can be seen at Austin’s Whole Foods Market on December 14, 2016. REUTERS/Mohammad Khursheed/File photo/File photo

WASHINGTON, (Reuters) – The European Union and Canada wrote to U.S. legislators claiming that a U.S. tax credit for electric vehicles violated international trade regulations. According to a joint statement made public Saturday,

Twenty-five ambassadors from 25 countries wrote the U.S. to Biden’s administration Friday night, stating that the “limitation of credit for vehicles based on U.S. domestic assemblies and local content” is incompatible with U.S. multilateral commitments. U.S. Congress has proposed a $12,500 tax credit, which would include $4500 for U.S. made electric vehicles. A House proposal this week stated that only U.S. made vehicles would qualify for the $12,500 credit.

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