EU says US electric vehicle tax credit could break WTO rules
https://apnews.com/0a447b7dc74048dc8079e1b00f83ded9
BRUSSELS (AP) — The European Union expressed concern Thursday that a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles would discriminate against European producers and break World Trade Organization rules.
Under the Inflation Reduction Act nearing final approval in the U.S. Congress, a tax credit of up to $7,500 could be granted to lower the cost of an electric vehicle. To qualify, the bill requires that electric vehicles should contain a battery built in North America with minerals mined or recycled on the continent.
EU says US electric vehicle tax credit could break WTO rules
Aug 11, 2022, 3:15pm UTC
https://apnews.com/0a447b7dc74048dc8079e1b00f83ded9
> BRUSSELS (AP) — The European Union expressed concern Thursday that a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles would discriminate against European producers and break World Trade Organization rules.
> Under the Inflation Reduction Act nearing final approval in the U.S. Congress, a tax credit of up to $7,500 could be granted to lower the cost of an electric vehicle. To qualify, the bill requires that electric vehicles should contain a battery built in North America with minerals mined or recycled on the continent.