Sen. Joe Manchin has criticized the Biden administration’s proposed new rule for EV tax credits as letting Chinese firms benefit from US taxpayer subsidies.
Sen. Joe Manchin (D-W.Va.) has sharply criticized the Biden administration’s newly proposed rules that mean to disqualify electric vehicles (EV) made with parts from “foreign entities of concern” like China from receiving the $7,500 tax credit—but contain exemptions that Mr. Manchin says leave the door open for Chinese firms to benefit “off the backs of American taxpayers.”
Mr. Manchin’s objections relate to aspects of newly proposed guidance issued by the Treasury Department that intends to make the United States less dependent on EV components sourced from foreign adversaries like China—but includes carveouts that seem to undermine this very objective.
“The Inflation Reduction Act clearly states that consumer vehicles are ineligible for tax credits if ‘any of the applicable critical minerals contained in the battery’ come from China or other foreign adversaries after 2024,” Mr. Manchin said in a statement.
“But this administration is, yet again, trying to find workarounds and delays that leave the door wide open for China to benefit off the backs of American taxpayers,” he added.
The White House did not immediately respond to a