Tough battery-sourcing requirement for EV tax credit may be relaxed
It all hinges on how the US Treasury defines "foreign entities of concern." Enlarge / Democratic Senators Joe Manchin (Left) and Debbie Stabenow (Right) don't exactly see eye to eye on the auto industry's transition to electric v.....»»
Automakers may get leeway with stricter EV tax credit sourcing rules
It all hinges on how the US Treasury defines "foreign entities of concern." Enlarge / Democratic Senators Joe Manchin (L) and Debbie Stabenow (R) don't exactly see eye to eye on the auto industry's transition to electric vehicles.....»»
Senators introduce bipartisan bill directing FTC to redo auto dealership regs
A new bill from Sens. Jerry Moran, R-Kan., and Joe Manchin, D-W.Va., would direct the FTC to "redo" the proposal by requiring the agency to issue an advanced notice of proposed rule-making for public input — a regulatory step the lawmakers say was.....»»
EV tax credit laws must be followed, Manchin tells Treasury
Sen. Joe Manchin, who chairs the Senate Energy and Natural Resources Committee, said proposed guidance released by Treasury in March "deviates from the will of Congress in at least three major respects," including its interpretation of the critical m.....»»
Manchin steps up clash with Biden over electric-car tax credits
Senator Joe Manchin stepped up his fight with the Biden administration over its implementation of the president's signature climate bill in a way Manchin says over-emphasizes clean energy technology, turns away from fossil-fuel production and spends.....»»
Manchin vows to sue Biden administration over EV tax credits
The senator doesn't think making powders or wafers counts as "processing." Enlarge / US Senator Joe Manchin (D-W.V.) is a millionaire thanks to coal, gas, and oil interests. He was responsible for rewriting the US electric vehicl.....»»
Sen. Joe Manchin ‘willing to go to court" over EV battery sourcing guidance
Sen. Joe Manchin said at issue is how the U.S. Treasury Department might define key terms such as processing in the tax credit's EV battery sourcing rules that could go against the law's intent of U.S. energy security and reducing dependence on China.....»»
Biden FCC nominee withdraws, blaming cable lobby and “unlimited dark money“
Gigi Sohn gives up amid opposition from Republicans and Democrat Joe Manchin. Enlarge / Gigi Sohn testifies during a Senate Commerce Committee confirmation hearing on Feb. 9, 2022. (credit: Getty Images) President Biden'.....»»
Manchin"s new bill latest snag in EV tax credit rollout
Sen. Joe Manchin, D-W.Va., last week introduced legislation — dubbed the American Vehicle Security Act — that would amend the Inflation Reduction Act's consumer tax credit for new EVs so that the effective date of the required EV battery sourcing.....»»
Manchin writes bill to stop temporary electric vehicle tax credits
The senator wants his domestic minerals requirement implemented immediately. Enlarge / "The IRA and the EV tax credits must be implemented according to the Congressional intent to ensure the United States, as the superpower of th.....»»
Manchin bill would immediately cut off credits for EVs that don"t meet battery rules
Under the bill — an amendment of the Inflation Reduction Act — no credit would be available to any new EV that does not meet the critical mineral and battery sourcing requirements, effective retroactively as of Jan. 1......»»
EV tax-credit rules pit Joe Manchin against Hyundai
Senator Joe Manchin is pressing Treasury Secretary Janet Yellen to stand firm on North American-based manufacturing requirements for lucrative electric-vehicle tax credits under the Inflation Reduction Act, setting up a battle between the West Virgin.....»»
Manchin urges Treasury to block ‘loopholes" in EV tax credits
In a letter to Treasury Secretary Janet Yellen, Sen. Joe Manchin, D-W.Va., asked that the tax credit for commercial EVs is implemented in "a manner that strengthens domestic manufacturing while ensuring economic and national security" and that it doe.....»»
What will a split Congress mean for the auto industry?
The congressional shakeup could diminish the swing-vote influence of dissenting Democrats such as Sen. Joe Manchin, while boosting the profile of members such as Georgia Sen. Raphael Warnock, whose state has landed multibillion-dollar investments fro.....»»
Column: In defense of picking Joe Manchin, Elon Musk as Automotive News All-Stars
Manchin and Musk have generated their share of controversy, and they won't win any popularity contests in some circles, but there is no denying that the impact each has had on the industry this year has been outsized......»»
Automakers concerned over consumer access to EV tax credit in Senate proposal
The EV tax credit proposal unveiled last week by U.S. Democratic Sens. Chuck Schumer and Joe Manchin as part of the Inflation Reduction Act lifts the cap on the current $7,500 tax credit but adds increasingly stringent critical mineral and battery so.....»»
Manchin rebuffs industry criticism of new EV tax credit
Price caps, income caps, and no Chinese batteries are the stumbling blocks. Enlarge / Sen. Joe Manchin (D-W.V.) speaking to reporters in the Hart Senate Office building on August 1, 2022, in Washington, DC. (credit: Anna Moneymaker/Ge.....»»
Automakers press Manchin for changes to EV tax credit proposal
Sen. Joe Manchin, D-W.Va., expressed little interest in revising his proposal. "Tell (automakers) to get aggressive and make sure that we're extracting in North America, we're processing in North America and we put a line on China.".....»»
EV tax credit proposal less about consumers, more about sourcing, industry exec says
The EV tax credit proposal unveiled last week by U.S. Democratic Sens. Chuck Schumer and Joe Manchin lifts the cap on the current $7,500 tax credit but adds increasingly stringent critical mineral and battery sourcing requirements for automakers, amo.....»»
Toyota’s lobbying blitz gets results in Manchin-Schumer deal
For Toyota, this win has particular significance: In the Build Back Better legislation that fell apart last year, President Joe Biden had called for an EV credit that would’ve provided extra incentives on union-made cars......»»