US moves to choke China’s role in electric vehicle supply chain

The Biden administration has moved to choke off China’s role in the US’s electric vehicle supply chain with rules that critics allege will slow the transition from petrol-fuelled cars. The US Treasury announced on Friday that from next month no US-manufactured EVs that include Chinese-made battery components will be eligible for the full subsidies offered by President Joe Biden’s $369bn landmark climate law. Nor will EVs qualify for the Inflation Reduction Act incentives if they are made by companies with significant ties to the Chinese government or produced with a licensing agreement with a China-based or Beijing-controlled operator. “With this guidance and the clarity that it will provide, we’re ensuring that the US electric vehicle future will be made in America,” said John Podesta, Biden’s top clean energy adviser. The rules come after Biden met Chinese President Xi Jinping last month in a bid to ease tensions between the world’s two largest economies. Podesta said: “China still d

The Biden administration has moved to choke off China’s role in the US’s electric vehicle supply chain with rules that critics allege will slow the transition from petrol-fuelled cars. The US Treasury announced on Friday that from next month no US-manufactured EVs that include Chinese-made battery components will be eligible for the full subsidies offered by President Joe Biden’s $369bn landmark climate law. Nor will EVs qualify for the Inflation Reduction Act incentives if they are made by companies with significant ties to the Chinese government or produced with a licensing agreement with a