Joe Manchin is trying to derail the EV tax credit he helped craft
West Virginia Senator Joe Manchin (D) introduced a new bill that would halt the current electric vehicle tax credit until strict new battery requirements are put in place. It’s the latest move by the conservative Democrat to limit the government’s ability to incentivize car buyers to shift to less polluting vehicles.
Manchin, who had a hand last year in crafting the EV tax credit that was included in the Inflation Reduction Act (IRA), placed the blame on the Internal Revenue Service for blowing past its December 31st, 2022 deadline to release guidance on the battery requirements.
Under the IRA, only electric vehicles with battery materials sourced from the US and its approved trading partners would qualify for the $7,500 credit. The...