Climate bill would create roadblock for full EV tax credit

Payne Institute Director Morgan Bazilian contributes to this article about how the climate deal struck yesterday by Senate Majority Leader Chuck Schumer and Sen. Joe Manchin would significantly expand consumer tax credits for electric vehicles by offering a $7,500 tax credit to people buying an EV made with a certain percentage of minerals mined or processed in nations with U.S. free trade agreements, or recycled in North America.  But there’s a catch: The EV supply chain required for the tax credit doesn’t exist.  July 28, 2022.