Senator asks Treasury to bar Chinese battery firms, minerals from US EV tax credits

WASHINGTON (Reuters) – Democratic Senator Joe Manchin urged the U.S. Treasury on Monday to adopt the “strictest possible standards” to prevent Chinese-produced minerals or Chinese battery companies from winning electric vehicle tax credits.

Manchin, who chairs the Senate Energy Committee, raised concerns about reports Chinese battery companies are actively pursuing business opportunities to take advantage of the credits, adding U.S. tax credits “cannot be allowed to be hijacked by adversaries engaging in mineral laundering.”