Bill with tax credits for ‘North American’ electric vehicles passes in U.S. SenateWASHINGTON — The new plan to encourage Americans to buy more electric vehicles built in North America, instead of just the United States, has cleared its tallest hurdle. The original proposal reserved the richest tax credits for vehicles assembled in the U.S. with union labour — a plan experts say would have kneecapped Canada's auto industry. But Senate Majority Leader Chuck Schumer reached a deal with holdout West Virginia Sen. Joe Manchin on a version of the bill that extended the credits to vehicles built in Canada and Mexico. "Democrats have already robbed American families once through inflation," said Senate Minority Leader Mitch McConnell. The tax credits — which also require eligible vehicles to have a percentage of North American critical minerals in their batteries — have barely been part of the U.S. debate.

Source: CBC News August 07, 2022 22:05 UTC