Canada’s Trudeau comes up short on EV tax credits, says will keep pushing – Reuters

  • Date: 19-Nov-2021
  • Source: Reuters
  • Sector:Economy
  • Country:Gulf
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Canada’s Trudeau comes up short on EV tax credits, says will keep pushing – Reuters

WASHINGTON, Nov 19 (Reuters) - Canadian Prime Minister Justin Trudeau returns to Ottawa on Friday after failing to convince President Joe Biden to scrap proposed electric-vehicle tax credits that would favor U.S.-based manufacturers, but said he would keep seeking a solution.

Democrats in the U.S. House of Representatives worked into the night to pass Biden's $1.75 trillion domestic investment bill that includes the tax credits that Canada fears will undercut its own efforts to produce electric cars. The bill then will go to the Senate.

"The Americans are very aware of Canada's position on this, and our concerns around it, and quite frankly, the threats it poses to over 50 years of integrated automaking in our two countries," Trudeau told reporters late on Thursday after meeting Biden at the White House.