HOUSTON :U.S. Senator Joe Manchin said on Friday he is 'totally opposed' to allowing Chinese battery maker CATL to access U.S. tax dollars that finance electric vehicle purchases as part of its partnership with Ford Motor Co. The blunt statements from Manchin, who wrote the Inflation Reduction Act (IRA) in a
HOUSTON :U.S. Senator Joe Manchin said on Friday he is"totally opposed" to allowing Chinese battery maker CATL to access U.S. tax dollars that finance electric vehicle purchases as part of its partnership with Ford Motor Co.
"I'll be damned if I'm going to give them $900 out of $7,500, to let it go to China for basically a product we started," said Manchin, a West Virginia Democrat who chairs the Senate Energy and Natural Resources Committee. "You're telling me we don't have the smart people and the technology, and we can't get up to speed quick enough? That doesn't make sense," said Manchin, who did not specify what steps he might take to block CATL from accessing funds.Ford's agreement with CATL is part of the U.S. automaker's stated intent to boost annual EV production to 600,000 vehicles by late 2023 and more than 2 million by the end of 2026.
Both senators said that while Africa and other parts of the globe may want to deepen trade ties with the United States to take advantage of the IRA, the legislation's true aim is boosting American mining and EV supply chains. "Tell me why we're so eager to help facilitate that and why we're not willing to kind of step it up and say, 'Well, what do we have here at home?'"After Iran and Saudi Arabia agreed on Friday to re-establish relations after seven years of hostility, Murkowski warned about a realignment of global energy alliances following Russia's invasion of Ukraine last year. The invasion prompted U.S. and other governments to impose sanctions on Russian oil.
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