US House approves legislation to restrict tax credits for EVs using Chinese battery technology

Quick Summary:

White House opposes bill, saying it would raise taxes on American consumers, punish American auto manufacturers [and] threaten good-paying auto jobs’.

The bill passed 217-192, largely along partisan lines, with only seven Democrats supporting it.

About two dozen such bills, including some sharply divisive ones, have cleared the chamber since Monday.

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Article Details

Author / Journalist: Bochen Han

Category: Technology

Markets: Hong KongChina

Topics: China Credits Licensing Battery Bill Chinese Legislation House Passed Representatives Electric

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-13 @ 05:26:27 (4 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 155 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22543361

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Official Website: scmp.com

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