EV Credit Limits Spur Spats In Georgia Senate Race And Among Allies

Eligibility criteria for revamped electric vehicle (EV) tax credits are prompting political heartburn in both the high-stakes Senate runoff in Georgia and relations between the U.S. and key allies, amid questions about the Biden administration’s ability to flexibly interpret the domestic assembly and content criteria. The administration’s response to criticism from top European officials and foreign automakers might not become fully clear until the Treasury Department issues forthcoming guidance on the topic, but the debate is nonetheless underscoring objections to...