Headlines

Manchin threatens to sue US Treasury over EV tax credit rules

Share with:


Loading

Manchin threatens to sue US Treasury over EV tax credit rules

By David Shepardson

State of the Union Address at the U.S. Capitol in Washington
U.S. Senator Joe Manchin (D-WV) is seen in Statuary Hall ahead of U.S. President Joe Biden’s State of the Union Address in Washington, U.S., February 7, 2023. REUTERS/Elizabeth Frantz/File Photo

WASHINGTON, March 29 (Reuters) – Senate Energy Committee Chair Joe Manchin said on Wednesday he may go to court after the U.S. Treasury releases guidance later this week on battery sourcing guidance for electric vehicle tax credits.

“If it goes off the rails” and violates the intent of the climate legislation approved in August, “I will do whatever I can – if that means going to court and I can do it, I’d do it,” said Manchin, a Democrat.

Advertisement · Scroll to continue

https://4d8329802bd9b6b6cc24dc2f2817e25a.safeframe.googlesyndication.com/safeframe/1-0-40/html/container.html

Report an ad

Manchin said he is most concerned about how Treasury will classify processing and manufacturing in determining eligibility for $7,500 EV tax credits. Manchin, who has often pushed fossil fuel industry interests in Congress, says he is trying to move the EV battery supply chain from China. His political opponents say he doesn’t like the EV industry.

“Manufacturing is meant 

Share with:


Verified by MonsterInsights