Chairman Moolenaar on Treasury's New Electric Vehicle Rule

WASHINGTON, D.C. — Today, Chairman John Moolenaar (R-MI) released the following statement on the newly announced rule by the Treasury Department on which electric vehicles qualify for tax credits.

“President Biden’s new rules will allow Chinese automakers to pocket the hard-earned money of American taxpayers. Even worse, they will further enable the CCP’s weaponization of critical supply chains, like graphite, which the CCP export-controlled last October. Instead of promoting U.S. supply chains or collective resilience with our allies and partners, this rule deepens our dangerous reliance on the PRC. The Biden administration should reverse course, ban China-based and CCP-affiliated companies from receiving taxpayer dollars, and incentivize American innovation in the auto industry.”