Proposed budget deal includes EV tax credits without U.S.-only limits

The budget reconciliation deal announced on Wednesday by Sen. Joe Manchin (D-WV) and Senate Majority Leader Chuck Schumer (D-NY) includes electric vehicle tax credits but scraps previously proposed U.S. content and labor eligibility requirements. Canada and Mexico had suggested a previous version of the tax incentive plan, included in the “Build Back Better” package pushed by the administration, was inconsistent with U.S.-Mexico-Canada Agreement rules . That plan, which Manchin also opposed, would have mandated that vehicles qualifying for tax credits...