Industry Makes Late Push To Ease Restrictions On New EV Tax Credits

Several automakers are mounting a late-hour effort to ease certain restrictions on proposed electric vehicle (EV) tax credits in the Senate’s pending reconciliation package, seeking a multi-year postponement of eligibility limits on the use of minerals and battery parts from adversarial countries, according to industry and other sources. The request reflects concerns that it will take the industry time to retool their supply chains -- to focus on sourcing from North American or allied countries -- to allow buyers to...