The U.S. has been moving toward protectionism under both President Joe Biden and his predecessor Donald Trump, who triggered a trade war both with traditional allies and antagonists such as China, says Jennifer Safavian, CEO of Autos Drive America.
Canadian auto and parts manufacturers had feared earlier proposals, which would have meant the $7,500 maximum tax credit would be available only on U.S.-made EVs. The revised deal extends the credit to EVs made in Canada and Mexico.
China's EV Industry: 2022 and Beyond. Have Chinese brands reversed the tables and gained a sustainable advantage over foreign brands in the EV race? Can global OEMs catch up? GlobalAutoIndustry.com's Ron Hesse talks with Bill Russo, CEO of...