Electric Vehicle Tax Credit, Canada-US dispute

November 24, 2021

Four FAQs to better understand the Canada-U.S. spat over electric vehicle subsidies

It might be difficult to imagine Prime Minister Justin Trudeau arguing against a climate-friendly tax credit.

But that’s exactly what happened last week in Washington, D.C. during the so-called “Three Amigos” summit between Trudeau, U.S. President Joe Biden and Mexican President Andres Manuel Lopez Obrador.

The summit got off to a charged start when Trudeau objected to a proposed $12,500 tax credit for American-made electric vehicles included in the Biden administration’s $1.5 trillion “Build Back Better” Act.

The bill was passed by the U.S. House of Representatives on Friday and is pending approval from the Senate before it’s sent to Biden for confirmation.

Trudeau’s concern is that the tax credit could devastate Canada’s auto sector just as manufacturers are converting plants to make zero-emission vehicles for sale across North America...

This was excerpted from the 23 November 2021 edition of Global News.

Topic(s)

Trade Agreements

International Trade and Border Management

Information source

Canadian News Channel

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