The European Union is trying to convince the United States to ease requirements that electric vehicles must be ‘Made in the USA’ to qualify for tax credits, even as the two sides near a deal on raw materials, a senior EU official said on Thursday.
Washington is providing tax credits of up to $7,500 for consumers buying electric vehicles, but only if final assembly and battery components amounting to at least half of the value are made in North America.
European Commission Vice President Valdis Dombrovskis, who oversees EU trade policy, said discussions were continuing on these local content requirements and that the EU wanted to establish how battery components were defined.
