Official announcements from the Treasury Department or updates in the Federal Register

Sen. Manchin Urges Manufacturers to Sue Treasury Over EV Tax Credits, Citing China Access

Jun 4, 2024, 08:08 PM

U.S. Senator Joe Manchin is urging auto manufacturers to sue the Treasury Department over its local content rules for clean energy tax credits under the Inflation Reduction Act. On Tuesday, Manchin argued that the implementation of these rules, particularly for electric vehicle (EV) tax credits, gives China access to U.S. markets. He conveyed this message to Treasury Secretary Janet Yellen, emphasizing his concerns about the impact on American manufacturers.