Bill with tax credits for 'North American' electric vehicles passes in U.S. Senate

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The new plan to encourage Americans to buy more electric vehicles built in North America, instead of just the United States, has cleared its tallest hurdle, and for the Canadian auto industry, the stakes are enormous.

An electric vehicle is charged in Ottawa on Wednesday, July 13, 2022. THE CANADIAN PRESS/Sean KilpatrickThe new plan to encourage Americans to buy more electric vehicles built in North America, instead of just the United States, has cleared its tallest hurdle.

The original proposal reserved the richest tax credits for vehicles assembled in the U.S. with union labour -- a plan experts say would have kneecapped Canada's auto industry. "It's been a long, tough and winding road, but at last, at last we have arrived," Schumer said Sunday when the outcome was no longer in doubt.

The climate measures also include incentives for building clean-energy equipment like solar panels and wind turbines, lowering pollution levels in minority communities and expanding greener factory-farm operations. The tax credits -- which also require eligible vehicles to have a percentage of North American critical minerals in their batteries -- have barely been part of the U.S. debate. Critics say it will be years before consumers can benefit.Flavio Volpe, president of the Auto Parts Manufacturers' Association, was just one part of an all-hands, year-long effort by the industry, the Ontario government and Ottawa to convince U.S. lawmakers and Biden administration officials to stand down.

 

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Ontario's turn!

How much more will it cost us in hydro bills to get these batteries charged? Also,if it takes coal to produce hydro,how much more coal will be required to produce hydro?How much water will be required to make these batteries?Thank god EV’s are doing good things to our planet!🙄

You might want to rethink this headline. Clearly you haven't read the Bill or any portion thereof.

Thanks Justin

Wow CTV an actual tweet the same day it’s news

China thanks you 🇨🇳🤡🌎

🤣🤣🤣🤣🤣🤣🤣💩

Everyone should realize Climate change should be first on our mind.

This is a big deal for us 🇨🇦🇨🇦🇨🇦

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