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VisitWill H.R. 7980 be enacted into law by March 31, 2025?
Yes • 50%
No • 50%
Official publication in the U.S. Federal Register
U.S. House Passes H.R. 7980 to Limit EV Subsidies for Chinese Manufacturers
Sep 12, 2024, 03:51 PM
The U.S. House of Representatives has passed the 'End Chinese Dominance of Electric Vehicles in America Act' (H.R. 7980), aimed at limiting federal subsidies for electric vehicles (EVs) produced by Chinese manufacturers. The bill seeks to block taxpayer dollars from benefiting Chinese companies, a move supported by several Republicans and a handful of Democrats. The legislation is seen as a response to the Biden-Harris administration's policies that allegedly allow Chinese companies to profit from U.S. tax credits. The bill also aims to close loopholes in the 2022 tax-and-climate law, which some lawmakers argue subsidize Chinese manufacturing companies at the expense of American taxpayers. Notably, 192 Democrats voted against the bill, while 191 Democrats voted in favor of sending subsidies to Chinese auto-battery manufacturers.
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Withdraw from U.S. market • 25%
No significant change • 25%
Increase prices of EVs in the U.S. • 25%
Decrease prices of EVs in the U.S. • 25%
No significant change in market share • 25%
Increase in U.S. EV manufacturers' market share • 25%
Increase in market share of non-Chinese foreign manufacturers • 25%
Decrease in U.S. EV manufacturers' market share • 25%