European electric cars are close to obtaining an exception from the American inflation law

European electric cars are close to obtaining an exception from the American inflation law

Valdes Dombrovscis, vice-president of the European Commission, expressed hope about achieving a deal with American officials that would allow electric cars made in Europe to be covered by the law reducing inflation and to be dependent on receiving a tax credit of $7,500.

Recent discussions on this topic between Dombrovscis and Treasury Secretary Janet Yellen, Trade Minister Gina Raymondo, and American commercial actress Catherine Tae indicate that the future is significantly more promising than the present.

Dombrovscis said: “The Tesla Y is the best -selling of cars in Germany last month, it was not to happen nor the non -discriminatory support from the European Union, while the European Union electric cars did not get similar support in the United States, which is a distinction we want Treat it. ”
“It is evident that the United States is willing to engage on this topic,” he continued. Before they become disputes, we seek to find solutions to these problems.

The American commercial actress Catherine Tae enhanced the likelihood that the situation would be resolved quickly by saying: “Based on the strength of our ties with the European Union and America, I have every faith that we will be able to fix the situation.

“The inflation reduction law requires that the majority of the materials used in the battery sector be sourced from North American territory or from a commercial partner of the United States, which prompted tremendous international fury from the European Union or Asian countries, lead by China.

Following the numerous discussions that the two state officials have fought with America in the past few weeks, and the American leadership’s promise to have a just solution that satisfies all parties, resolving the dilemma of inflation reduction with European Union countries would pave the way for a similar solution with South Korea and Japan.

An exemption from the American inflation law for electric cars is imminent.

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