Hyperdrive
US Weighing Reprieve for Automakers on Electric Vehicle Tax Credits
- Michigan senator says phase-in of enforcement was discussed
- US seeks to restrict use of materials from foreign adversaries
GMC Hummer electric vehicles on the production line at General Motors' assembly plant in Detroit, Michigan.
Photographer: Emily Elconin/BloombergThis article is for subscribers only.
The Biden administration has discussed granting automakers a temporary reprieve from new rules poised to limit a consumer tax credit for electric vehicles that contain certain materials from foreign adversaries, a Michigan senator said Tuesday.
Administration officials have discussed phasing in enforcement for the rules which would disqualify automobiles that use battery parts or minerals from China and other foreign adversaries from the full $7,500 incentive, Democratic Senator Debbie Stabenow said.