The Biden administration is caught between domestic-policy goals and close allies as it races to set rules for electric-vehicle subsidies
to create more U.S. jobs and to cut reliance on China, which now dominates production of EV batteries and their components.object to measures
The new EV subsidies replace a program that provided a $7,500 tax credit for any electric or plug-in hybrid vehicle up to 200,000 vehicles sold by the manufacturer. The Biden team is seeking to balance the goals of its clean-energy and China-competition policies with its pledge to work closely with its allies to combat global challenges such as strengthening economic security and supply chains to counter China and Russia.
In its comment, the EU warned that the measures, if implemented in their current form, could “trigger a harmful global subsidy race” for key green technologies and inputs while creating “tensions that could lead to reciprocal or retaliatory measures.” Meanwhile, Sen. Raphael Warnock has introduced legislation to delay the phase-in period for some requirements by up to three years. In Georgia,is building EV and battery plants, but they won’t start operating until 2025. The company currently ships all its EVs from South Korea. Some Democrats in the House of Representatives have introduced a companion bill.
To qualify for up to $7,500 in tax credit, vehicles must go through their final assembly in North America, a requirement that disqualifies most electric vehicles from non-U.S. car makers since they are typically assembled overseas, unlike many of their popular gasoline-powered models built at their North American plants.
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