Canada criticizes proposed U.S. EV tax credit, says could harm auto sector
At Market.us Scoop, we strive to bring you the most accurate and up-to-date information by utilizing a variety of resources, including paid and free sources, primary research, and phone interviews. Our data is available to the public free of charge, and we encourage you to use it to inform your personal or business decisions. If you choose to republish our data on your own website, we simply ask that you provide a proper citation or link back to the respective page on Market.us Scoop. We appreciate your support and look forward to continuing to provide valuable insights for our audience.
October 22, 2021
WASHINGTON/OTTAWA (Reuters) – The Canadian government on Friday warned that U.S. legislative proposals to create new electric vehicle tax credits for American-built vehicles could harm the North American auto industry and run afoul of trade agreements, according to a letter seen by Reuters.
Canadian Trade Minister Mary Ng told U.S. lawmakers proposed credits if approved “would have a major adverse impact on the future of EV and automotive production in Canada, resulting in the risk of severe economic harm and tens of thousands of job losses in one of Canada’s largest manufacturing sectors. U.S. companies and workers would not be isolated from these impacts.”
(Reporting by David Shepardson in Washington and David Ljunggren in Ottawa; Editing by Chris Reese)
Source Link Canada criticizes proposed U.S. EV tax credit, says could harm auto sector
Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.
Latest from Author
- Wearable Payment Devices Market To Cross USD 225 Billion By 2033
- Data Centric Security Market Will Hit ~53 Billion By 2033
- Quantum Cryptography Market To Secure USD 22.7 Billion by 2033
- AI In The Fashion Market Will Reach USD 23,936.3 Million by 2033
- AI Chips Statistics: Uncovering the Latest Advancements and Performance Metrics in Artificial Intelligence Hardware