Exclusive Content:

Home Office Blunder: Thousands of Deportation-Intended Migrants Missing Before Rwanda Flights

A recent revelation has cast a glaring spotlight on...

Taxes: here is the (large) amount of the advance that the tax authorities will pay you on Monday January 15

The end-of-year holidays have just ended and it is...

Weather: what will the weather be like in February, March and April?

At the start of 2024, the temperatures on the...

Electric cars | Washington wants to reduce Chinese imports of components

spot_img

(Washington) Subsidies for the purchase of an electric vehicle in the United States, a flagship measure of Joe Biden’s climate plan, will no longer be granted to buyers of cars containing battery components manufactured in China or other “rival countries,” according to a plan announced Friday by the Treasury Department.

“To strengthen the security of American supply chains, starting in 2024 an eligible clean vehicle cannot contain any battery components manufactured or assembled” in China, Russia, North Korea or Iran, the Treasury stressed in a press release. press.

These four countries are considered “foreign entities of concern,” under rules presented by the administration that are open to public comment before taking effect.

Furthermore, “from 2025, an eligible clean vehicle cannot contain critical metals extracted, processed or recycled” by one of these countries, these rules still provide.

Joe Biden’s major climate plan, the Inflation Reduction Act (IRA), provides a tax credit of up to $7,500 for the purchase of an electric vehicle manufactured in the United States.

The proposal comes as Washington works to reduce dependence on China for its burgeoning electric car industry.

But this will have the effect of reducing the number of vehicles eligible for tax credits while increasing pressure on automakers, already struggling with the transition to electric car production.

Senator Joe Manchin, a centrist Democrat whose vote was key to passing the IRA, however, ruled that these rules were not strong enough to move supply chains from China.

“This administration is, once again, trying to find workarounds and delays that leave the door wide open for China to profit off the backs of American taxpayers,” he said in a statement .

Mike Gallagher, Republican chairman of the House Select Committee on the Chinese Communist Party, warned that the proposal would, if anything, increase dependence on China, citing certain exemptions to the rules.

Latest articles

Tragic Crash at White House Perimeter Gate Claims Driver’s Life, Secret Service Clarifies Incident

Tragic Accident at White House Gate In a tragic turn of events, a driver lost...

Anne Hathaway Captivates in The Idea of You: A Deep Dive Film Analysis

Anne Hathaway's Compelling Performance: Delving into the Heart of "The Idea of You" Anne Hathaway's...

Nvidia and AMD Stocks React as Semiconductor Sector Faces Turbulence

The semiconductor market experienced significant fluctuations as Nvidia and AMD stocks reacted to industry...

Adrian Newey Announces Departure: Red Bull Racing Faces Transition in F1 Design Leadership

End of an Era: Adrian Newey Announces Departure from Red Bull Racing In a significant...

More like this

Home Office Blunder: Thousands of Deportation-Intended Migrants Missing Before Rwanda Flights

A recent revelation has cast a glaring spotlight on the Home Office, as it...

Taxes: here is the (large) amount of the advance that the tax authorities will pay you on Monday January 15

The end-of-year holidays have just ended and it is nice to benefit from an...

Weather: what will the weather be like in February, March and April?

At the start of 2024, the temperatures on the thermometer are enough to make...