EU flags ‘problematic’ provisions across IRA, alleging WTO violations

Localization requirements in a controversial U.S. tax credit for North American-made electric vehicles are among several “clearly discriminatory” provisions in the Inflation Reduction Act, according to the European Union, which is urging the U.S. to revise aspects of the bill it says breach World Trade Organization rules. In a recent comment to the U.S. Treasury Department , the EU expressed concerns about nine tax credits for climate-focused technologies in the IRA, warning the incentives unfairly favored U.S. producers to the...