EU envoy ‘hopeful’ about getting changes to U.S. EV tax rules

Europe

WASHINGTON — European Union Ambassador Stavros Lambrinidis said he was very hopeful that negotiations with the United States could result in elimination of discriminatory provisions in the U.S. Inflation Reduction Act.

Lambrinidis told an event hosted by the U.S. Chamber of Commerce on Thursday that EU officials were working with U.S. officials in a special task force to address their concerns about the U.S. law’s exclusion of foreign electric vehicles from tax credits.

“We have to get there, we have to get fast, and I am very, very hopeful that this will be supported,” Lambrinidis said. Shutting off European producers would be “a guarantee of failure” for both economies since they were so intertwined, he said.

Products You May Like

Articles You May Like

Factory matte black Ferrari Enzo heads to auction
Toyota looks to turn buyers back to leasing
Climate Actitivists Pour Nearly 18 Lbs Of Flour On BMW M1 Painted By Andy Warhol
Caterpillar (CAT) advances sustainable mining with first battery electric 793 large truck
Vision Automotive sells 10 dealerships to Atlantic Coast Automotive

Leave a Reply

Your email address will not be published. Required fields are marked *