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International opposition mounts to proposed U.S. EV tax credit By Reuters



© Reuters. FILE PHOTO: An electrical car (EV) quick charging station is seen within the car parking zone of a Complete Meals Market in Austin, Texas, U.S., December 14, 2016. REUTERS/Mohammad Khursheed/File Picture/File Picture

WASHINGTON (Reuters) – The European Union, Germany, Canada, Japan, Mexico, France, South Korea, Italy and different nations wrote U.S. lawmakers saying a proposed U.S. electrical car tax credit score violates worldwide commerce guidelines, based on a joint letter made public Saturday.

A gaggle of 25 ambassadors to Washington wrote U.S. lawmakers and the Biden administration late Friday saying “limiting eligibility for the credit score to automobiles based mostly on their U.S. home meeting and native content material is inconsistent with U.S. commitments made beneath WTO multilateral agreements.” The U.S. Congress is contemplating a brand new $12,500 tax credit score that would come with $4,500 for union-made U.S. electrical automobiles. Solely U.S. constructed automobiles could be eligible for the $12,500 credit score after 2027, beneath a Home proposal launched this week.

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