EU Welcomes Inflation Reduction Act Update

I like to welcome my grass growing. It makes the fact that I cannot stop it easier to accept. -Chris
No items found.

5 Minutes of Fresh Perspective

Reading the daily news doesn't have to suck. Get the email that will make you laugh and keep you informed...for free!
EU Welcomes Inflation Reduction Act Update

The European Commission gave a guarded welcome to the Inflation Reduction Act following the news that European-made commercial vehicles will qualify for Tax Credits without requiring changes to existing business models.

Guarded. The Commission remains guarded over concerns that the Act violated competition-protecting international law. A joint task force is looking into the concerns and possible solutions.

One final stipulation. While European vehicles/components are eligible for credits, companies must perform final assembly in North America.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.