said Friday they’ve agreed to open negotiations on the use of European minerals critical in the production of batteries for EVs that are eligible for U.S. tax credits.electric vehicle tax credits
“It is important on both sides of the Atlantic to know what kind of incentives are being given to the clean tech industry, to make sure that we join forces to boost the clean tech industry,” she said. “That is crucial and paramount for reaching a circular economy, a net zero economy.” White House officials said they plan to consult members of Congress, labor groups and others with a stake in the outcome as they negotiate on EV materials with the European Commission.Inflation Reduction Act
James Batchik, assistant director of the Europe Center at the Atlantic Council, said the U.S. and EU “getting on the same page” is an important step “to avoid a subsidy war.”Biden had stood by the U.S. policy that favors American EVs when , a critic of the legislation, visited Washington late last year. Biden, however, acknowledged “glitches” in the legislation and said there were “tweaks we can make” to satisfy allies.
Biden’s order directed the Defense Department to consider at least five metals — lithium, cobalt, graphite, nickel and manganese — as essential to national security and authorized steps to bolster domestic supplies.
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: NPR - 🏆 96. / 63 Read more »
Source: KPBSnews - 🏆 240. / 63 Read more »