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More Evidence Tax Credit Will be coming back

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BayouBob
(@bayoubob)
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From Bloomberg This evening

French President Emmanuel Macron said he and Joe Biden agreed to “fix” a dispute over the US president’s Inflation Reduction Act, which includes new subsidies for North American-made electric vehicles that allies have criticized.

The two leaders discussed the matter when they met in Washington last week, Macron said. Before his talks with Biden, Macron warned that the act risks causing division among western countries and triggering a trade war.

Biden told a joint news conference on Dec. 1 there are “tweaks that we can make that can fundamentally make it easier for European countries to participate.” 

While Macron declined to elaborate in the CBS interview, he rejected the suggestion that the two leaders papered over the confrontation.  

 
It looks more and more like the assembled in N.A. requirement will get deferred. (I do not expect the battery mineral requirement or the income requirement to get shelved, but this should put Fisker on a level playing field with Tesla, GM, VM, and Ford.)

   
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sLA
 sLA
(@sla)
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I’m hopeful too but that’s not evidence. It’s still wishful thinking and likely requires a Congressional vote during a lame duck session 


   
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