A plan from Sen. TomCottonAR would prevent wealthy European nations like France and Germany from cashing in on electric vehicle subsidies.
A plan from Sen. Tom Cotton , shared exclusively with Breitbart News, would prevent wealthy European nations like France and Germany from cashing in on electric vehicle subsidies included in President Joe Biden’s Inflation Reduction Act., Biden’s Inflation Reduction Act initially included Buy American rules that required United States automakers to source and produce electric vehicles in the U.S. in order to qualify for a federally-subsidized tax credit.
Cotton’s legislation, titled the “No [Electric Vehicle] Credits for Idle Allies Act,” would clarify that the U.S. does not have a free trade agreement with the EU and thus electric vehicles sourced and produced in France and Germany do not qualify for the tax credit. “Wealthy European nations like France and Germany are reaping the benefits of American aid to Ukraine without paying their fair share for its defense,” Cotton told Breitbart News in a statement. “Now, these same countries are trying to secure American subsidies for electric vehicle manufacturing.”
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