Treasurys latest dilemma: should American EVs have Chinese tech?

Published: Sept. 12, 2023, 9 a.m.

The Treasury Department is hoping to define how new electric vehicles can qualify for a lucrative tax credit under the Inflation Reduction Act by the end of this year. But Ford\u2019s agreement to license Chinese battery technology is putting the Biden administration in a difficult spot between looking tough on Beijing while also reaching the president\u2019s ambitious EV adoption goals. POLITICO\u2019s James Bikales breaks down the dilemma the Treasury Department faces as it works to define the IRA\u2019s \u201cforeign entities of concern\u201d provision and the political stakes. Plus, new data from the Department of Energy shows attacks on the U.S. power grid rose in the first six months of the year.\n\n\nFor more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch\n\nAnd for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy\n\nCatherine Morehouse is an energy reporter for POLITICO. \nJames Bikales is the host of Morning Energy and a reporter for POLITICO. \nNirmal Mulaikal is a POLITICO audio host-producer. \nAlex Keeney is a senior audio producer at POLITICO. \nGloria Gonzalez is the deputy energy editor for POLITICO. \nMatt Daily is the energy editor for POLITICO.