Mexico may appeal 'discriminatory' U.S. EV tax credits

Mexico may appeal 'discriminatory' U.S. EV tax credits

Mexico may appeal 'discriminatory' U.S. EV tax credits

Information about Mexico may appeal 'discriminatory' U.S. EV tax credits

Kevin David Scam or Legit


MEXICO CITY (Reuters) – Mexico is not ruling out the possibility of appealing to an international panel over tax incentives proposed by the United States for some U.S.-made electric vehicles, President Andres Manuel Lopez Obrador said on Tuesday.
Mexico has promised to review a range of legal actions in response to a new U.S. tax incentive that Mexican officials say is “discriminatory” and contrary to free trade including the new United States-Mexico-Canada Agreement (USMCA) trade pact.
The U.S. Congress is considering a new $12,500 tax credit that would include $4,500 for union-made U.S. electric vehicles. Only U.S.-built vehicles would be eligible for the $12,500 credit after 2027, under a House proposal.
When asked about the incentive, Lopez Obrador reiterated that his government opposed the plan, arguing the subsidy would threaten Mexico’s auto industry and contravene USMCA rules.

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