CANADIAN AUTO SECTOR WELCOMES SCRAPPING OF US-FOCUSED EV TAX CREDIT
August 30th, 2022
The Canadian automotive industry has welcomed the deal within the USA’s Democratic Party to propose a revised tax credit on purchases of electric vehicles (EV) in America which extends the payment to EVs made across north America, including Canada and Mexico. That decision, which will need to be approved formally by the US Senate and House of Representatives, comes in a scaled down version of the Build Back Better Bill, renamed the Inflation Reduction Act. It has been backed by moderate Democratic Senator Joe Manchin, who has held up Biden Administration ...
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