WASHINGTON — The new plan to encourage Americans to buy more electric vehicles built in North America, instead of just the United States, has cleared its tallest hurdle.
The original proposal reserved the richest tax credits for vehicles assembled in the U.S. with union labour — a plan experts say would have kneecapped Canada's auto industry. "It's been a long, tough and winding road, but at last, at last we have arrived," Schumer said Sunday when the outcome was no longer in doubt.
The climate measures also include incentives for building clean-energy equipment like solar panels and wind turbines, lowering pollution levels in minority communities and expanding greener factory-farm operations. The tax credits — which also require eligible vehicles to have a percentage of North American critical minerals in their batteries — have barely been part of the U.S. debate. Critics say it will be years before consumers can benefit.Flavio Volpe, president of the Auto Parts Manufacturers' Association, was just one part of an all-hands, year-long effort by the industry, the Ontario government and Ottawa to convince U.S. lawmakers and Biden administration officials to stand down.
Source: Car News Wire (carnewswire.net)
👍 AnitaAnandMP
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Musqueam Nation: Trutch Street’s new name to be unveiled on National Day for Truth and Reconciliation | Globalnews.caAt least nine street signs on Trutch Street between Broadway and West 15th Avenue were recently vandalized to say ‘Truth’ Street.
Source: GlobalNational - 🏆 81. / 51 Read more »
Bill with tax credits for 'North American' electric vehicles passes in U.S. SenateThe new plan to encourage Americans to buy more electric vehicles built in North America, instead of just the United States, has cleared its tallest hurdle, and for the Canadian auto industry, the stakes are enormous. This is a big deal for us 🇨🇦🇨🇦🇨🇦 Everyone should realize Climate change should be first on our mind. 🤣🤣🤣🤣🤣🤣🤣💩
Source: CTVNews - 🏆 1. / 99 Read more »
Bill with tax credits for 'North American' electric vehicles passes in U.S. SenateThe original proposal reserved the richest tax credits for vehicles assembled in the U.S. with union labour — a plan experts say would have kneecapped Canada’s… Sweet I’ll be buying one in BC to use in the PNW
Source: VancouverSun - 🏆 49. / 61 Read more »
U.S. automakers say 70 per cent of EV models would not qualify for tax credit under Senate billSenate bill would make 70 per cent of 72 U.S. electric, plug-in hybrid and fuel-cell EVs ineligible for tax credit Maybe they should quit putting the biggest efforts into building bloated luxury EVs and start building more smartly designed, compact, and affordable urban EVs. we are angry at Trudeau because of Trudeau tyrant behaviour . TrudeauIsDestroyingCanada ALL BY HIMSELF! Good!
Source: globeandmail - 🏆 5. / 92 Read more »
U.S. Senate passes major $430B bill to fight climate change, cut drug costsThe U.S. Senate on Sunday passed a sweeping $430 billion bill intended to fight climate change, lower drug prices and raise some corporate taxes, a major victory for President Joe Biden that Democrats hope will aid their chances of keeping control of Congress in this year's elections. And build oil infrastructure. You forgot that part. Because nothing reduces inflation like more record level government spending🤦♂️ Typical WEF piece of 💩 .
Source: CTVCalgary - 🏆 26. / 68 Read more »