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Category: Treasury Department

Posted on January 21, 2025

Trump’s Executive Order to End E.V. Subsidies Draws Pushback

Automakers and even some Republicans may fight to preserve funds, and environmental activists will likely sue, but some experts said that some changes may not survive legal challenges.
Posted on November 25, 2024

How Trump Could Upend Electric Car Sales

Fewer people will be able to afford electric cars and trucks if President-elect Donald J. Trump and Republicans in Congress eliminate a $7,500 federal tax credit.
Posted on October 29, 2024

How Elon Musk Might Use His Pull With Trump to Help Tesla

Although Donald Trump has opposed policies that favor electric cars, if he becomes president he could ease regulatory scrutiny of Tesla or protect lucrative credits and subsidies.
Posted on May 21, 2024

U.S. Seeks to Join Forces With Europe to Combat Excess Chinese Goods

Treasury Secretary Janet L. Yellen warned that China’s industrial strategy posed a global threat that requires a united response.
Posted on May 16, 2024

White House Considers Easing Sanctions on Israeli Billionaire

A deal to allow the Israeli billionaire Dan Gertler to cash out his mining positions in the Democratic Republic of Congo has enraged human rights activists and some government officials.
Posted on January 19, 2024

Electric Vehicle Charging Tax Credits Will Be Available in Much of Country

Biden administration officials opted to make a broad set of locations eligible for the tax credits, covering much of the country outside of major cities.
Posted on December 14, 2023

Clean Energy Tax Credits Leave the Door Open to Chinese Investment

The Treasury Department pledged to carefully scrutinize foreign investments in the United States for national security threats.
Posted on December 1, 2023

U.S. to Limit China’s Ability to Benefit From Electric Vehicle Industry

The Biden administration issued new rules to prevent Chinese firms from supplying parts for electric cars set to receive billions of dollars in tax credits.
Posted on October 3, 2023

A Rural Michigan Town Is the Latest Battleground in the U.S.-China Fight

Firestorms over Chinese investments, like a battery factory in Green Charter Township, are erupting as officials weigh the risks of taking money from an adversary.
Posted on April 17, 2023

U.S. Car Brands Will Benefit Most From Electric Car Tax Breaks

Rules that take effect on Tuesday will limit the $7,500 credits to electric cars made domestically with minerals from the U.S. or trade allies.

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