Why Democrats won’t change EV tax credits despite allies’ anger
European and Asian allies are furious at the Biden administration for being cut out of the lucrative U.S. tax credits for electric vehicles. While President Joe Biden has promised to address the situation, he’s pretty limited in what he can do. And congressional Democrats say they have no regrets. POLITICO’s Steven Overly breaks down why Democrats are unrepentant as US trading partners fume over the EV credits. Plus, the House Oversight Committee has accused oil companies of ‘lying’ about climate actions.
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Show Notes
European and Asian allies are furious at the Biden administration for being cut out of the lucrative U.S. tax credits for electric vehicles. While President Joe Biden has promised to address the situation, he’s pretty limited in what he can do. And congressional Democrats say they have no regrets. POLITICO’s Steven Overly breaks down why Democrats are unrepentant as US trading partners fume over the EV credits. Plus, the House Oversight Committee has accused oil companies of ‘lying’ about climate actions.
Josh Siegel is an energy reporter for POLITICO.
Steven Overly is a global trade and economics Reporter for POLITICO.
Nirmal Mulaikal is a POLITICO audio host-producer.
Raghu Manavalan is a senior editor for POLITICO audio.
Jenny Ament is the executive producer of POLITICO’s audio department.
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