Committee OKs resolution opposing EV credit rule

TL/DR –

The House Ways and Means Committee approved legislation to overturn Biden administration regulations for implementing the federal electric vehicle tax credit. These regulations, published in May, detail standards for automakers on how to comply with Inflation Reduction Act requirements. However, Republicans argue that these regulations give automakers too much freedom regarding sourcing mandates and the use of minerals and components from foreign entities of concern.

House Committee Moves to Overturn Biden’s EV Tax Credit Regulations

The House Ways and Means Committee has approved a legislation that seeks to repeal Biden administration’s regulations implementing the federal electric vehicle tax credit. The rules in question, unveiled in May, dictate how automakers can adhere to Inflation Reduction Act requirements, including sourcing mandates.

The Republicans argue that the Treasury Department’s regulations, which limit the sourcing of minerals and other components from controversial foreign entities, have offered excessive flexibility to automakers.

“The Treasury Department has vastly overstepped its authority, issuing regulations that run counter to the congressional intent of the law,” exclaimed Rep. Carol Miller (R-W.Va.), the sponsor of the resolution, during Tuesday’s markup.

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