China Joins Others in Chiding US Over EV Tax Breaks
Big EV battery, materials supplier says cutting it out is ‘discriminatory.’

The tax break provision is one of multiple measures and initiatives designed in part to wean the U.S. from other EV parts suppliers, particularly Asia.
IMAGE: Getty Images/Young777
China added its voice to overseas critics of U.S. tax breaks for new electric vehicles, calling them discriminatory.
The new health, climate and tax law known as the Inflation Reduction Act includes tax credits of as much as $7,500 for new EVs if their batteries are made from critical materials extracted or recycled in the U.S. or by its free-trade-agreement partners, and not from China, Russia and other “foreign entities of concern.”
It’s one of multiple measures and initiatives designed in part to wean the U.S. from other EV parts suppliers, particularly Asia.
China is the world’s second-biggest producer of electric batteries and controls much of the processed materials, cell assembly and battery components for EVs.
Already, the European Union and South Korea have criticized the tax breaks.
Originally posted on F&I and Showroom
More Industry

Ownership Priorities are Shifting
A new survey shows that in the U.S. vehicle quality for generation Z is largely defined by advanced safety features, intuitive technology and premium sound systems.
Read More →
Pump Price Jump Calculated
ISeeCars.com examined fuel costs for different power trains, finding which ones have experienced the biggest hits since the war in Iran commenced.
Read More →
Black Book: Weekly Market Update
Wholesale values fell last week despite the spring season still being in the traditional full-gear mode, analysts said.
Read More →
Arkansas Auto Group Acquires First Indiana Rooftop
Performance Brokerage Services represented both the buyer and seller in the sale of Carver Toyota of Columbus by Carlock Automotive Group.
Read More →
Stellantis to Dive Into U.S. Lending
The multinational maker of Chrysler, Dodge, Jeep, Ram and multiple other brands received conditional approvals for a Utah-based industrial bank.
Read More →
New-Vehicle Prices Rise
With April sales down, higher prices on in-demand large vehicles helped inflate the overall ATP, though increases were under long-term averages, Cox Automotive reported.
Read More →
Black Book: Weekly Market Update
Last week in the wholesale automotive market proved to be a mixed bag, analysts reported.
Read More →
Black Book: Weekly Market Update
Conversion rates were flat last week at 63%, Black Book analysts calculated, as low-mileage and almost-near units outpaced the overall market.
Read More →
EU Auto Association Urges Action
Trade relations between the European Union and the U.S. are at risk, causing the European Automobile Manufacturers Association to push lawmakers to make a decision.
Read More →
Driving into the Super CFC Era
Understanding the risks and benefits of retail accounting and Super CFCs can help you better present options to your dealer partners.
Read More →