US, EU to launch talks on free-trade-like status, easing EV trade dispute
Set to meet in Washington on Friday to begin negotiations, sources sayand European Commission President Ursula von der Leyen are expected to agree on Friday to begin negotiations on ensuring free-trade agreement-like status for the European Union, two sources familiar with the plans said on Wednesday.reported last week that the United States and EU were working to make European minerals eligible for tax credits under the $That law requires rising percentages ofA U.S.
"Given the extremely high concentration of Chinese control over critical mineral extraction globally, strengthening our supply chains for critical minerals along with like-minded partners is vital for the growth of the clean energy economy," the spokesperson said.for critical minerals would aid U.S. energy and economic security, the spokesperson added.
Up to $3,750 per vehicle of the available tax credits relate to critical minerals for batteries, taking effect when the U.S. Treasury issues guidance, which is expected later this month.and other U.S. allies have harshly criticized the IRA's provision requiring EVs to be assembled in North America to qualify for consumer EV tax credits.by consumers to qualify for up to $7,500 in commercial clean vehicle tax credits.
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