President Biden’s 2022 climate act spurred big investments in U.S. battery factories, but it has not similarly boosted E.V. sales.
Senator Joe Manchin III, the conservative West Virginia Democrat who faces re-election next year and is flirting with a presidential run, has threatened to repeal the measure he helped write.
A law to boost clean energy appears to be more potent than predicted, with big implications for both budget talks and efforts to fight climate change.
The Biden administration has faced backlash in Europe and Asia over its plans to bolster electric vehicle and battery production.
Shares in the electric carmaker continued to rally after the company reported strong profits, even amid growing competition and economic pressures.
Foreign-made cars no longer qualify. Tesla and G.M. should become eligible again. But officials are still working on the fine print.
The new climate, tax and health law signed by President Biden extends a credit for electric vehicle buyers. But there are new strings attached that kick in at different times.
Along the way to the $369 billion package, the West Virginia senator secured an array of concessions for his state and for the fossil fuel industry.
The Senate’s proposal aims to accelerate electric car sales and promote domestic battery manufacturing at China’s expense.
The $369 billion climate and tax bill would affect every aspect of U.S. energy production, with incentives for producers and consumers to move away from fossil fuels.