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HomeAg NewsFischer, Colleagues Aim to Overturn Administration’s EV Tax Credit Rule

Fischer, Colleagues Aim to Overturn Administration’s EV Tax Credit Rule

WASHINGTON – Today, U.S. Senator Deb Fischer (R-Neb.) joined her Senate colleagues in introducing legislation to overturn the U.S. Department of the Treasury’s final rule implementing the 30D Clean Vehicle Credit. This resolution will end tax credits for electric vehicles with batteries containing Chinese sourced materials like graphite. U.S. Senator Joe Manchin (D-W.Va.), Chairman of the U.S. Senate Energy and Natural Resources Committee, sponsored this resolution.

“President Biden wants to prop up America’s transition to EVs by keeping Chinese graphite flowing into the United States. As usual, China will profit richly off the administration’s ‘green’ energy dreams. If Joe Biden wants to force EVs on Americans, he should at least find another source of graphite,” said Senator Fischer.

In addition to Senators Fischer and Manchin, the legislation is cosponsored by U.S. Senators Sherrod Brown (D-Ohio), Marco Rubio (R-Fla.), Lisa Murkowski (R-Alaska), and Mike Braun (R-Ind.).

U.S. Representatives Carol Miller (R-W.Va.) and Jared Golden (D-Maine) are introducing a similar resolution in the House.

Text of the resolution is available here.

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