Manchin threatens to sue Treasury over electric vehicle tax credits

Treasury's guidance, which will articulate what manufacturers must do to comply with rules relating to battery components and critical minerals in the Inflation Reduction Act, has been delayed several months as the administration irons out the requirements. The delay has angered Manchin, chief author of the law, as have indications that the administration may implement the requirements more loosely than he intended.

The Inflation Reduction Act includes language providing that for vehicles to be eligible for the full consumer clean vehicle credit, the vehicle must be assembled in North America, and its battery components and critical minerals must come in increasing shares from specific countries, including but wholly not limited to the United States.

Manchin included the provisions with the intention of building clean vehicle supply chains and reducing dependency on Chinese mineral processing and battery manufacturing.

Sen_JoeManchin USTreasury How can a US senator be so naive. Did he really think Chucky was going to give him what he wanted after he voted? Think he learned a lesson? Probably not.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Justice Department moves to end consent decree with Seattle Police Department | CNN PoliticsThe Justice Department moved Tuesday to end a consent decree with the Seattle Police Department, bringing to a close more than a decade of federal supervision of the police department. And what a fine job they did. It's a shithole. Check it out
Source: CNN - 🏆 4. / 95 Read more »