on Wednesday introduced legislation that is aimed at eliminating a delay in adding new restrictions to the consumer tax credit for electric vehicles.
The West Virginia Democrat took a shot at the Treasury Department and its move to temporarily delay the stipulations regarding the manufacturing and sourcing of minerals for EV batteries. "It is unacceptable that the U.S. Treasury has failed to issue updated guidance for the 30D electric vehicle tax credits and continues to make the full $7,500 credits available without meeting all of the clear requirements included in the Inflation Reduction Act," the senator said in a statement.
Manchin, the chair of the Senate Energy and Natural Resources Committee, said he had introduced the American Vehicle Security Act to direct the department to implement the 30D new vehicle tax credits for vehicles according to the law by requiring compliance with battery and battery material sourcing requirements as of Jan. 1, 2023.Sen. Joe Manchin during a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 19, 2023.
Taxpayers should not be subsidizing EV sales. If people was a battery powered car, like a Tesla, they should buy it, but without the taxpayers helping to pay for it.
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