70% of EVs wouldn't qualify for tax credit under Senate bill, say automakers

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70% of EVs wouldn't qualify for tax credit under Senate bill, say automakers
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Automakers have been expressing concern about the proposal's increasing requirements for vehicles' batteries and critical-mineral contents to be sourced from the US.

An analysis by the Congressional Budget Office on Wednesday suggested just 11,000 new EVs would use the credit in 2023.

"I don't believe that we should be building a transportation mode on the backs of foreign supply chains," Manchin said on Tuesday.

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