Europe denounces the American car bonus
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Brussels is concerned about the bill which provides up to 7,500 dollars in tax credit for the purchase of an electric vehicle coming from an American factory and equipped with a battery produced in the United States.
After being pleased to see the United States set up a ambitious climate plan intended to reduce greenhouse gas emissions by 40% by 2030, the European Union winces. Brussels denounces American protectionism on its automobile industry. This plan provides up to 7500 dollars of tax credit for the purchase of an electric vehicle leaving an American factory and equipped with a battery produced in the United States.
“The EU is extremely concerned about this bill affecting transatlantic trade. It discriminates against foreign builders compared to American builders“, underlines a spokesperson for the European Commission, Miriam Garcia Ferrer. “Tax credits are an important incentive to encourage demand for electric cars but we need to ensure that the measures introduced are fair“, she adds, referring to the rules of the World Trade Organization.
Catching up with the return in the production of electric vehicles
Of his…
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