House passes bill to alter EV tax credit under IRA; White House opposes

The House on Thursday passed a bill that would amend the Inflation Reduction Act to bar batteries with materials sourced from China or other “foreign entities of concern” from qualifying for clean vehicle tax credits. The bill passed 217-192 but is unlikely to become law, as the White House on Wednesday announced its opposition to the measure. No companion legislation has been introduced in the Senate, but some senators have offered their own proposals for changing the tax credit. The...