News Snapshot:
The electric vehicle revolution that’s been sweeping the world has finally arrived in America, powered by technology, an urgency to address climate change and the nudge of government incentives that became a push with the Inflation Reduction Act. This is good news, it seems — until you look under the hood. Current U.S. trade policy and the tight requirements written into the Inflation Reduction Act for EV tax credits (which took effect Jan. 1) will undermine the adoption of EVs in the United States by limiting access to vehicles made by close allies like Germany, Japan and Korea. Our global...
