Carol Miller

04/15/2024 | Press release | Distributed by Public on 04/15/2024 13:11

Miller Introduces the End Chinese Dominance of Electric Vehicles in America Act of 2024

April 15, 2024

Washington D.C. - Congresswoman Carol Miller (R-WV) introduced the End Chinese Dominance of Electric Vehicles in America Act of 2024. This legislation would tighten the Foreign Entity of Concern (FEOC) definition for the 30D, the electric vehicle tax credit, and prohibit Chinese companies from accessing U.S. tax dollars.

"China, or any adversary for that matter, should not have any access to American tax credits. Narrowing the definition of the Foreign Entity of Concern expands opportunities for American manufacturing while protecting our resources and our people. The Biden Administration's dedication to the Chinese Communist Party embarrasses the United States, and Congress must lead when the Joe Biden refuses to. The End Chinese Dominance of Electric Vehicles in America Act will close key loopholes in Treasury's EV credit guidance to ensure American tax dollars are kept here at home, and not in the pockets of our strategic adversaries," said Congresswoman Miller.

Click here for bill text.

Background:

  • In September 2023, the Commerce Department issued rules under the CHIPs Act that defined a Foreign Entity of Concern (FEOC) when it comes to the Semiconductor supply chain. In December 2023, The Department of Treasury issued similar FEOC guidance for the EV tax credit, but left glaring loopholes that would allow Chinese entities to capture American tax dollars.
  • Specifically, the bill closes the 'Billionaire Loophole', which would allow wealthy Chinese business owners to directly receive American tax dollars if they invest in American EV projects and closes the 'Chinese Manufacturing Loophole', which would prevent China from leveraging its battery supply chain dominance to produce upstream materials, parts, and intellectual properties that are eligible for the 30D credit.
  • The bill is a continuation of Congresswoman Miller's efforts to protect American advanced manufacturing to ensure that nations who aim to weaken the United States, including China, do not receive American tax credits.

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Issues:Economy