Why Democrats wont change EV tax credits despite allies anger
European and Asian allies are furious at the Biden administration for being cut out of the lucrative U.S. tax credits for electric vehicles. While President Joe Biden has promised to address the situation, he\u2019s pretty limited in what he can do. And congressional Democrats say they have no regrets. POLITICO\u2019s Steven Overly breaks down why Democrats are unrepentant as US trading partners fume over the EV credits. Plus, the House Oversight Committee has accused oil companies of \u2018lying\u2019 about climate actions.