Tension between Brussels and Washington on the electric car
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Europeans fear the closure of the American market by the protectionist measures of the Biden plan.
In Brussels
Between Brussels and Washington, the sky seems to darken. The American plan of measures on inflation and the climate goes badly in Brussels. The Commission denounces its discriminatory nature against the European automobile industry. Without agreement, the subject threatens to turn into a new commercial battle.
Washington wishes to set up, from 2023, tax advantages of up to 7,500 dollars for the purchase of electric vehicles assembled on American territory. Specifically, the minerals used to build the car or its parts must have been mined or recycled in the United States or a country with which it has a free trade agreement. Same for the batteries. According to the president of the Alliance for Automotive Innovation, a group of American and foreign manufacturers, 70% of electric vehicle models currently sold in the United States would not be eligible for the tax credit.
Read alsoThe United States accelerates on the electric car
The announcement is primarily aimed at reducing…
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