Published 2 years ago

EU says U.S. plan for EV tax breaks discriminatory, may breach WTO rules

Summary by Ground News

U.S. tax credit plan would discriminate against European producers, EU says. Tax credit of up to $7,500 could be granted to lower the cost of an electric vehicle. Bill requires that electric vehicles contain a battery built in North America with minerals mined or recycled.

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CTV News

EU says U.S. electric vehicle tax credit could break WTO rules

The European Union expressed concern Thursday that a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles would discriminate against European producers and break World Trade Organization rules.

2 years ago·Canada

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Reuters

EU, Korea say U.S. plan for EV tax breaks may breach WTO rules

The European Union and South Korea raised concerns about proposed U.S. tax credits for purchases of electric vehicles, saying they may adversely affect foreign-made vehicles and breach World Trade Organization (WTO) rules.

2 years ago·United Kingdom

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Associated Press News

EU says US electric vehicle tax credit could break WTO rules

The European Union says a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles could discriminate against European producers and break world trade rules.

2 years ago·United States

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abc News

EU says US electric vehicle tax credit could break WTO rules

The European Union says a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles could discriminate against European producers and break world trade rules

2 years ago·United States

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KRDO

EU says US electric vehicle tax credit could break WTO rules

BRUSSELS (AP) — The European Union says a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles could discriminate against European producers and break world trade rules. The Inflation Reduction Act is nearing approval in Congress. It would grant a tax credit of up to $7,500 to lower the cost of an electric vehicle. To qualify, electric vehicles should contain a battery built in North America with minerals mined or rec…

2 years ago·Colorado Springs, United States

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