The original proposal reserved the richest tax credits for vehicles assembled in the U.S. with union labour — a plan experts say would have kneecapped Canada’s…
The original proposal reserved the richest tax credits for vehicles assembled in the U.S. with union labour — a plan experts say would have kneecapped Canada’s auto industry.
“It’s been a long, tough and winding road, but at last, at last we have arrived,” Schumer said Sunday when the outcome was no longer in doubt. The climate measures also include incentives for building clean-energy equipment like solar panels and wind turbines, lowering pollution levels in minority communities and expanding greener factory-farm operations.
The tax credits — which also require eligible vehicles to have a percentage of North American critical minerals in their batteries — have barely been part of the U.S. debate. Critics say it will be years before consumers can benefit.Flavio Volpe, president of the Auto Parts Manufacturers’ Association, was just one part of an all-hands, year-long effort by the industry, the Ontario government and Ottawa to convince U.S. lawmakers and Biden administration officials to stand down.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bill with tax credits for 'North American' electric vehicles passes in U.S. SenateThe new plan to encourage Americans to buy more electric vehicles built in North America, instead of just the United States, has cleared its tallest hurdle, and for the Canadian auto industry, the stakes are enormous.
Read more »
U.S. Senate passes major $430B bill to fight climate change, cut drug costsThe U.S. Senate on Sunday passed a sweeping $430 billion bill intended to fight climate change, lower drug prices and raise some corporate taxes, a major victory for President Joe Biden that Democrats hope will aid their chances of keeping control of Congress in this year's elections.
Read more »
U.S. automakers say 70 per cent of EV models would not qualify for tax credit under Senate billSenate bill would make 70 per cent of 72 U.S. electric, plug-in hybrid and fuel-cell EVs ineligible for tax credit
Read more »
North Korea calls Pelosi 'destroyer of international peace'North Korea on Saturday called U.S. House Speaker Nancy Pelosi “the worst destroyer of international peace and stability,” accusing her of inciting anti-North Korea sentiment and enraging China during her Asian tour earlier this week.
Read more »
Science North picks waterfront for Thunder Bay science centreScience North has confirmed its preferred location for a proposed 34,000 square foot science centre in Thunder Bay as the Pool 6 lands at the waterfront.
Read more »
Massage therapist charged after sexual assault of woman in North YorkA massage therapist is accused of sexually assaulting a woman in North York earlier this week.
Read more »