The US has excluded cars manufactured in Europe from being eligible for EV tax credits and rebates, causing tension between the US and the EU. This decision was made during a meeting between the two sides as part of the Trade and Technology Council.
The US and the EU may be all warm and cozy inside their NATO mutual defense blanket, but America has given Europe the cold shoulder recently when it comes to cars manufactured on the Old Continent being eligible for US EV tax credits and rebates. A meeting between the two sides took place last week as part of the Trade and Technology Council, a regular format for dialogue between Brussels and Washington.
In mid-March, 2023, President Joe Biden and EU Commission President Ursula von der Leyen first announced their intention to negotiate an agreement on critical minerals for EV batteries. A short time later, the US government presented a concept paper. In May 2023, it was reported that negotiations between the US and the EU on the planned raw materials partnership were taking longer than expected.
US EU Cars Europe EV Tax Credits Rebates Tension Trade And Technology Council
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