Sen Joe Manchin III blasted the Biden administration Thursday for flouting the law by allowing loopholes for electric vehicle tax credits.
The Treasury Department revealed Thursday that it would blow past a Dec. 31 deadline to craft final eligibility rules for EV credits under President Biden’s signature tax-and-climate-spending law, known as the Inflation Reduction Act, and would operate under existing regulations until March.
The move prompted outrage from Mr. Manchin, who was instrumental in crafting the EV tax credits that are designed to make it more difficult for would-be buyers to obtain by implementing strict supply chain requirements that auto manufacturers source and assemble the parts domestically rather than relying on foreign adversaries such as China.