Manchin writes bill to stop temporary electric vehicle tax credits

Senator Joe Manchin (D-W.Va.) is unimpressed with the temporary leniency shown toward electric vehicles in terms of the federal tax credit, and he’s determined to do something about it. On Wednesday the Senator introduced a new bill, “the American Vehicle Security Act of 2023.” The bill would immediately implement the much stricter new tax credit rules contained in last year’s Inflation Reduction Act even though the Department of the Treasury hasn’t finished working out how to do that. Should Manchin’s bill pass, it looks unlikely that any EV would qualify. “It is unacceptable that the U.S. Treasury has failed to…