Unions Urge President Biden to Resist Foreign Pressure on EV Tax Credits

In a letter to President Biden this week, unions said amending the EV tax plan to appease foreign allies would undermine the goal of boosting the U.S. domestic industry

The climate bill passed by the Senate in 2022 could knock thousands of dollars off the sticker price of electric vehicles, but it’s also redefining which cars are eligible. WSJ’s George Downs breaks down the new rules and what it means for the EV industry.

Illustration: George DownsWASHINGTON—Labor unions are urging President Biden to resist calls by allies to modify a new , saying the incentive should be implemented without changes or delays to boost domestic EV production.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

United States Latest News, United States Headlines

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

Michigan GOP lawmakers urge DeSantis to run for presidentA group of Michigan state House lawmakers is urging Florida Gov. Ron DeSantis to run for president in 2024, calling him 'uniquely and exceptionally qualified.'
Read more »

Biden-Harris tout record small business growth; President says ‘best days ahead’ - New York Amsterdam NewsRecent Census numbers show that the Biden-Harris administration set a new high for the number of new small businesses created.
Read more »

President Biden will survey storm damages in Santa Cruz CountyPresident Biden will arrive in Santa Clara County Thursday morning to begin his tour of the Central Coast and the damages left behind by the storms. Biden also plans to talk with business owners and residents who were impacted the most.
Read more »

President Biden visiting Santa Cruz, Santa Clara counties to assess storm damagePresident Joe Biden announced Wednesday that he's coming to Santa Cruz and Santa Clara counties the following day to assess damage caused by a series of atmospheric river storms in the past three weeks.
Read more »

Treasury Department buys time for President Biden and GOP on debt limit dealThe countdown toward a possible U.S. government default is in the offing — with frictions between President Joe Biden and House Republicans raising alarms about whether the U.S. can sidestep a potential economic crisis.
Read more »

President Biden will survey California storm damagePresident Biden will arrive in Santa Clara County Thursday morning to begin his tour of the Central Coast and the damages left behind by the storms. Biden also plans to talk with business owners and residents who were impacted the most.
Read more »