Automakers say U.S. Senate bill will ‘jeopardize’ 2030 EV targets

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The Alliance for Automotive Innovation had warned late Friday that most EV models would be ineligible for a $7,500 tax credit for U.S. buyers under the bill and had unsuccessfully lobbied to change sourcing requirements for battery components and critical minerals.

“Unfortunately, the EV tax credit requirements will make most vehicles immediately ineligible for the incentive,” said the group’s chief executive, John Bozzella.

The change “will also jeopardize our collective target of 40-50% electric vehicle sales by 2030.”