by Thomas Catenacci at Fox News
Democratic West Virginia Sen. Joe Manchin scorched the Biden administration on Friday after it released federal guidance allowing Chinese companies to exploit taxpayer electric vehicle (EV) tax credits.
Manchin, who chairs the Senate Energy and Natural Resources Committee, said the guidance contravenes the intent of the 2022 Inflation Reduction Act (IRA), which he authored, and that he would both pursue legislation striking the guidance and support any lawsuit challenging it. The Treasury Department guidance opens the door for Chinese firms to continue providing EV battery parts and materials to EVs eligible for credit.
“I remember waiting in line at the gas station in 1974 after the oil embargo, and I can tell you that I do not intend to wait in line for a battery produced in China if I am forced to buy an EV. The United States has never had to rely on foreign adversaries to build our cars and trucks,” Manchin said in his statement Friday.
“We’ve always been able to make our own transmissions, our own alternators, and our own engines, and I do not understand why President Biden is allowing his administration to now route our essential supply chains through China,” he continued. “The proposed Treasury rules on Foreign Entities of Concern are another example of the Biden administration clearly breaking the law to try to implement a bill that it could not pass.”…Continue Reading