International opposition to U.S. EV tax credit gains momentum

International opposition over a proposed U.S. electric vehicle tax credit is gaining momentum—with the European Union, Germany, Canada, Japan, Mexico, France, South Korea, Italy and other countries saying the proposal violates international trade rules. “The U.S. Congress is considering a new $12,500 tax credit that would include $4,500 for union-made U.S. electric vehicles and $500 for U.S.-made batteries,” said Autoblog, adding that “Only U.S. built vehicles would be eligible for the $12,500 credit after 2027.” (Source: Autoblog) Read original story.

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