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Electric Vehicles

BMW CEO Says US Curbs on China Could Detract From EV Demand

Bloomberg business news
BMW CEO on EV Investment, Energy Costs, Chip Shortage

BMW AG Chief Executive Officer Oliver Zipse said US policies toward China risk creating a “dangerous” game of trade barriers that could thwart adoption of electric vehicles.

Global automakers are lobbying the Biden administration to loosen restrictions in climate legislation that aim to curb China’s control over global supply chains from battery materials to semiconductors. BMW is pushing to change a provision that withholds part of a $7,500 consumer EV tax credit if car companies use critical minerals sourced from China and other “foreign entities of concern.”