Manchin threatens to sue US Treasury over EV tax credit rules
Manchin threatens to sue US Treasury over EV tax credit rules
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.
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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
