Senate Energy and Resources Committee Chairman Joe Manchin on Thursday called on the US Treasury Department to pause implementation of trade and consumer policies. tram credit taxes.
The US Treasury on Thursday issued guidance allowing automakers to take advantage of Commercial vehicle tax credit for consumers lease without the same strict the battery sourcing rules in consumer purchase credits intended to move U.S. supply chains out of China.
Manchin said the Treasury’s guidance “bends to the wishes of companies looking for loopholes and is clearly inconsistent with the intent of the law. It only undermines our ability to become one.” a more energy-secure country.”
This is not the first time the US Congress has tried to delay the implementation of new electric vehicle tax credits; a delay also recommended in November before the bill was passed.