Demise Of Union-Made EV Bonus Might Signal Route To Incentives Deal

Democrats appear to be inching closer to a deal on electric vehicle (EV) tax credits after Sen. Joe Manchin (D-WV) declared that a proposed “bonus” credit for union-made vehicles is out of the package, even as major automakers are renewing their push for Congress to eliminate company-specific caps on current incentives. The appraisal from observers comes amid continuing questions about whether Democrats can reach a deal on a broader budget reconciliation package that would include the EV credits and other...