U.S. President Joe Biden speaks with Japan's Prime Minister Fumio Kishida during a bilateral meeting in the Oval Office at the White House in Washington, U.S., January 13, 2023. REUTERS/Jonathan Ernst
WASHINGTON (Reuters) - Major unions and public interest and environmental groups are urging President Joe Biden to reject efforts by the European Union and other foreign governments to revise U.S. electric vehicle tax incentives.
The $430 billion U.S. Inflation Reduction Act (IRA) passed in August restricts $7,500 consumer tax credits to North American-made EVs, but the U.S Treasury in December said consumers leasing vehicles assembled outside North America could benefit from the $7,500 commercial green vehicle tax credit.
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