A bipartisan group of U.S. lawmakers will urge the CEOs of Ford Motor and General Motors to shrink reliance on China auto parts, particularly electric vehicle batteries, sources told Reuters on Monday.
The $430 billion Inflation Reduction Act signed by President Joe Biden in August aims to wean U.S. EV production from Chinese supply chains by imposing new conditions on EV tax credits. The new tax credit rules restrict eligibility to only North American assembled vehicles and set battery sourcing rules.as part of the automaker's plan to spend $3.5 billion to build a battery plant in Michigan has drawn criticism from some lawmakers.
Republican Senator Marco Rubio has asked the Biden administration to block EV tax credits for batteries produced using Chinese technology. Ford said previously "making those batteries here at home is much better than continuing to rely exclusively on foreign imports, like other auto companies do."Reporting by David Shepardson and Kanishka Singh in Washington; Editing by Sandra Maler and Lisa Shumaker
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