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Manchin bill would delay tax credits for electric vehicles

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By MATTHEW DALY
Associated Press

WASHINGTON (AP) — Democratic Sen. Joe Manchin is moving to delay new tax credits for electric vehicles, a key feature of President Joe Biden’s landmark climate law. Manchin says Treasury Department guidelines allow manufacturers in Europe and other countries to bypass requirements that significant portions of EV batteries be produced in North America. Release of the West Virginia senator’s legislation coincides with Energy Secretary Jennifer Granholm’s planned visit to the Washington, D.C., Auto Show on Wednesday to highlight the Biden administration’s efforts to boost EVs. Tax credits of up to $7,500 per vehicle are intended to spur EV sales and domestic production of vehicles and batteries while reducing planet-warming greenhouse gas emissions.

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