European Union Demands Level Playing Field For Its EVs In The US via insideevs.com
The US Inflation Reduction Act passed into law in August has been called discriminatory by China, South Korea and the European Union.
All these major economies claim the new law puts imports at a disadvantage in the US market because it provides tax breaks for EVs and critical EV battery components manufactured in North America. While there are no signals that thereports that officials from both sides are expected to reach an agreement that would grant EU companies, including electric car makers, the same status as US firms in the US market.
and Treasury Secretary Janet Yellen. Asked if the issue could be resolved, Katherine Tai said she expected the EU and US would reach agreement."" she told reporters after a meeting with Dombrovskis. After initial meetings, the Office of the US Trade Representative said that Tai and Dombrovskis had agreed to speed up talks on global steel issues and electric vehicles, Tai's office said in a statement following the meeting. The two officials discussed theand concerns about EVs, asking their teams to increase engagement on the US law's impact on EVs.
The EU is hoping that changes to the status of EU companies could be made through implementation regulations to the US law, rather than having to send the whole Inflation Reduction Act back to Congress for amendments.
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