US Delays EV Subsidy Program

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st13phil

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This doesn't neatly fit into the UK politics thread nor the Mercedes EV sub-forum, so I'll post it here.

Some may remember the furore amongst European and Asian car manufacturers when Biden signed into law the Inflation Reduction Act back in August that enshrines tax subsidies designed to encourage Americans to shift to EV's. So it's perhaps not a great surprise that the step of publishing detailed rules for new tax incentives for EV's has bean delayed after pushback from outside the USA:


I make no comment on the merits or demerits of America's intentions with their scheme, but the whole story speaks to the complexities of using local tax incentives to encourage consumer actions when global industries are involved.
 

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