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

World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →