Senate Democrats’ filibuster-proof reconciliation package, dubbed the “Inflation Reduction Act,” is set to help subsidize electric vehicles manufactured in Mexico and Canada.
On Sunday, Senate Democrats passed the Inflation Reduction Act on a party-line vote, with Vice President Kamala Harris splitting the 50-50 tie.
Part of the legislation, estimated to eliminate about 30,000 jobs in the United States, serves as a major win for Mexico’s and Canada’s auto industries as well as the multinational corporations that outsource American auto jobs to each of those countries.
That victory for Mexico’s and Canada’s auto industries is slipped into electric vehicle tax credits for consumers. Rather than including “Buy American” rules that require electric vehicles to be fully produced in the United States to be eligible for the tax credits, the legislation allows the credits to be used on electric vehicles made in Mexico and Canada.
Some Senate Democrats and United States auto companies wanted to loosen those production rules even more — allowing electric vehicles with batteries produced and sourced in China to be eligible for the tax credits. That provision was ultimately left out of the final deal.
Democrats are not telling you these batteries will have to be replaced in an average of 5 years? Who has another expense of approximately $40,000 to replace these batteries? fossil fuel vehicles are more efficient and cost less on maintenance.
Carambah
EVs will become the next dinosaur, whereas my gas guzzler will keep purring away!
FACT!