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Europe Seeks Exemption From U.S. Rules on EV Tax Breaks
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BRUSSELS—U. S. and European Union environmental policies are on a collision course, prompting an urgent meeting to defuse rising tensions over clean-technology subsidies that threaten to upset a trade relationship that leaders had pledged to rebuild.
A new task force focused on clean-energy tax credits that were included in the U.S. Inflation Reduction Act will hold its first in a series of weekly meetings on Friday, an EU official said. The task force, which is being led by the U.S. National Security Council and the cabinet of European Commission President Ursula von der Leyen, is meant to address EU concerns that many European-made products won’t qualify for the credits because of where they were made.
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