The bill would tighten the definition of Chinese components that make vehicles ineligible for U.S. EV tax credits
The U.S. House of Representatives narrowly voted on Thursday to approve legislation to tighten rules limiting Chinese content in vehicles qualifying for U.S. electric vehicle tax credits.
The Alliance for Automotive Innovation, which represents General Motors, Toyota Motor, Volkswagen , Hyundai and other car companies, said the bill would result in fewer vehicles qualifying and would mean aggressive rules on vehicle emissions and EV targets would need to be rolled back. The bill, sponsored by Representative Carol Miller, would tighten the definition of a so-called “Foreign Entity of Concern” that applies to China and other countries. She said it would “ensure that Chinese companies can no longer benefit from electric vehicles tax credits meant for U.S. manufacturers.”
China Vehicle Bill Definition Credit Graphite Tax John Bozzella Carol Miller Hyundai
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.
China accuses the Philippines of deliberately crashing one of its ships into a Chinese vesselChina says two Philippine coast guard ships ignored the Chinese coast guard’s warning in latest flashpoint in South China Sea
Read more »
China says EU draft on tariffs for Chinese EVs brings 'enormous risks, uncertainty'The China Association of Automobile Manufacturers said it firmly opposes a final draft from the European Union on high tariffs for Chinese made electric...
Read more »
Chinese smartphone maker Honor gets investment from China MobileChinese smartphone maker Honor said on Friday it has received an undisclosed amount of investment from China Mobile's parent company, as the former Huawei...
Read more »
US bill to restrict business with China's WuXi AppTec, BGI passes HouseThe U.S. House of Representatives on Monday passed a bill that aims to restrict business with China's WuXi AppTec, BGI and several other biotech companies on...
Read more »
US bill to restrict business with China's WuXi AppTec, BGI passes HouseThe U.S. House of Representatives on Monday passed a bill that aims to restrict business with China's WuXi AppTec, BGI and several other biotech companies on...
Read more »
Philippines, China trade blame after vessels collide in South China SeaThe Philippines and China accused each other on Monday of ramming vessels and performing dangerous maneuvers in the South China Sea, the latest flare-up after the two nations agreed last month to try to manage disagreements at sea.
Read more »