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Electric vehicles eVs

Automakers, South Korea urge U.S. to tap commercial EV tax credit

Many automakers and the South Korean government are urging the Biden administration to tap a commercial electric vehicle tax credit to boost consumer EV access, a plan that could help ease concerns over a climate bill approved in Congress. The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, sparking anger from South Korea, the European Union, Japan and others. Some automakers say a lesser noticed IRA provision for "commercial clean vehicles" could be used to boost EV manufacturers and address foreign concerns.
Categories
Electric vehicles eVs

Republican takeover of U.S. House could pump the brakes on Biden’s EV agenda

Republicans' takeover of the U.S. House of Representatives could slow President Joe Biden's plans for adoption in the country of electric vehicles. House Republican leaders see Biden's EV efforts as heavy handed. "You can't force it," incoming Republican House Transportation and Infrastructure Committee chair Sam Graves told Reuters.