WASHINGTON, March 28 — The United States and Japan today announced a trade deal on electric vehicle battery minerals that is key to strengthening their battery supply chains and...
WASHINGTON, March 28 — The United States and Japan today announced a trade deal on electric vehicle battery minerals that is key to strengthening their battery supply chains and granting Japanese automakers wider access to a new US$7,500 US EV tax credit.
Minerals-focused trade deals are one way that the Biden administration hopes to open up access for trusted allies to the US$7,500 per vehicle EV tax credits in last year’s climate-focused Inflation Reduction Act. Japan was working with the United States to sign the agreement in Washington today, trade minister Yasutoshi Nishimura told reporters in Tokyo.
But asked whether the trade agreement would qualify Japan-sourced batteries, components and vehicles for that part of the tax credit, the officials said that determination was up to Treasury. But they said provisions in the deal to promote labour rights and recycling in their battery mineral supply chains would help both countries.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PM to arrive in Cambodia on March 27 for first official visitPUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim will be on a one-day maiden official visit to Cambodia on Monday (March 27) to further enhance ties that were established since 1957, and to strengthen cooperation between both countries.
Read more »
Targeted subsidy, price of goods among focus in Parliament sitting on March 27KUALA LUMPUR: Issues on targeted subsidy, prices of goods and food security are among matters to be raised in Parliament on Monday (March 27).
Read more »
Deputy plantation minister: 20,970 foreign labour employment applications approved for plantation sector as of March 18KUALA LUMPUR, March 27 — A total of 20,970 foreign worker employment quota has been approved for the plantation sector under the Foreign Worker Employment Relaxation Plan (FWERP)...
Read more »
OnePlus 11 5G Jupiter Rock Edition set for release this 29 March | TechNaveOnePlus previously showed off a OnePlus 11 5G concept at MWC 2023 which features a unique Active CryoFlux cooling technology. Of course, the concept phone is no
Read more »
Several sections of sexual harassment law take effect on March 28, says Women’s MinistryPETALING JAYA: Several sections in the Anti-Sexual Harassment Act 2022 (Act 840) have come into force effective Tuesday (March 28).
Read more »