House Republicans advanced an effort to void the Biden administration’s EV tax credits, even as electric vehicle sales in the US continued to grow year over year.
The House Ways and Means Committee voted in favor of a bill that would undo the federal EV tax credits, arguing that the rules would result in US taxpayer dollars flowing to Chinese companies. The tax credits were “pushed by radical environmentalists and some EV producers” and should therefore be struck down, according to a House Republican fact sheet.
“The Biden administration is sacrificing our economic independence in order to force more Americans to drive an electric vehicle,” Rep. Jason Smith (R-MO), the committee’s chair, said during a markup of the bill (H.J. Res. 148)...
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