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‘Discriminatory’ EV tax credit could bring Mexico-imposed tariffs

Teslarati

The $12,500 electric vehicle tax credit proposed in President Joe Biden’s “Build Back Better” plan is being labeled as “discriminatory” by Mexican Economy Minister Tatiana Clouthier, who said the country is analyzing legal recourse and other actions, including potential tariffs against the United States.

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Proposed Changes to Federal EV Tax Credit – Part 4: Chinese-Assembled Vehicles Will Not Be Eligible for Tax Credit

EV Adoption

According to SupChina.com , the 10 largest EV producers in China based on domestic sales are: Tesla BYD SAIC Motor SAIC Volkswagen SAIC-GM-Wuling NIO Xpeng Li Auto WM Motor Geely. Or perhaps assembly is shifted from China to Volvo’s plants in Sweden and Belgium for the European market and then imported into the US.