Miller Slams Final EV Tax Credit Guidelines

Washington, D.C. – Today, Congresswoman Carol Miller (R-WV) released the following statement on the Biden Administration’s final rule on electric vehicle tax credit guidelines.

“Once again, the Biden Administration is allowing the Chinese Communist Party to profit from American tax credits. These weak guidelines benefit the CCP while American manufacturers are pushed aside. I introduced the End Chinese Dominance of Electric Vehicles in America Act of 2024 to tighten the Foreign Entity of Concern definition for the 30D electric vehicle tax credit and prohibit Chinese companies from accessing U.S. tax dollars. This commonsense legislation will prioritize American made products and will close key loopholes in the Treasury Department’s Electric Vehicle credit guidance to ensure American tax dollars stay in the United States. Congress should pass this bill immediately to block Biden’s disastrous rulemaking from sending these credits to our adversaries," said Congresswoman Miller.

Background: 

• Congresswoman Miller 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 electric vehicle (EV) tax credit and prohibit Chinese companies from accessing U.S. tax dollars. 
• In September 2023, the Commerce Department issued rules 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.