Sen. Manchin Slams Final EV Tax Credit Rules: Endorsing ‘Made in China’ by Terri Wu – US Politics News

Sen. Joe Manchin (D-W.Va.) called the Biden administration’s final rules for consumer electric vehicle (EV) tax credits “outrageous” and “effectively endorsing ‘Made in China.’”
The Treasury Department finalized the guidance on Friday regarding the tax credit—up to $7,500 for a new and $4,000 for a used EV—as stipulated by the 2022 Inflation Reduction Act (IRA). Mr. Manchin was a key swing vote in passing the IRA that authorized these tax credits.
Intended to bolster American EV manufacturing, the IRA restricts consumer tax credit access by vehicles manufactured in or sourced from Foreign Entities of Concern (FEOC).
Compared to the draft rule, the final guidance further eased those restrictions, making more cars with Chinese components eligible for tax credits….