Treasurys upcoming EV guidance has a China problem
The Treasury Department is expected to roll out long-awaited guidance interpreting a key piece of the Inflation Reduction Act\u2019s electric vehicle tax credit in the coming weeks.\xa0And with these rules, the Biden administration must balance its EV adoption goals and congressional pressure to crack down on China. POLITICO\u2019s James Bikales breaks down Treasury's complicated dilemma, along with the political and climate stakes. Plus, the House on Friday passed an Interior-EPA funding bill with steep cuts.\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 and the host of the POLITICO Energy podcast.\nJames Bikales is the host of Morning Energy and a reporter for POLITICO. \nNirmal Mulaikal is a POLITICO audio host-producer. \nKara Tabor is an audio producer for POLITICO.\nGloria Gonzalez is the deputy energy editor for POLITICO. \nMatt Daily is the energy editor for POLITICO.