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ECONOMY

Japan, other nations send letter to U.S. lawmakers on proposed EV tax credit

  • November 4, 2021
  • , Yomiuri
  • JMH Summary

Yomiuri wrote that a group of 25 ambassadors to the United States sent a joint letter to U.S. lawmakers on Oct. 29 arguing that a proposed U.S. electric vehicle tax credit violates international trade rules. The proposal includes a tax credit of up to $12,500 for electric vehicles that would include $4,500 for union-made vehicles, limiting eligibility for vehicles manufactured in the U.S. Sankei briefly mentioned the issue as well.

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