Rubio Urges Biden Admin to Stop US EV Tax Credits From Going to China

In response to reports that Chinese EV battery firms are using partnerships in South Korea to get U.S. tax credits, Sen. Marco Rubio (R-Fla.) asks the Biden administration to “act swiftly” to stop American taxpayer dollars from flowing to China.

Sen. Marco Rubio (R-Fla.), chairman of the Small Business and Entrepreneurship Committee, speaks at the senate hearing "Made in China 2025 and the Future of American Industry" in Washington on Feb. 27, 2019. Jennifer Zeng/The Epoch Times

Sen. Marco Rubio (R-Fla.) has asked the Biden administration to stop U.S. electric vehicle (EV) tax credits from going to Chinese companies through their partnerships in South Korea.

In the past five months, four Chinese firms have announced investing more than 5.6 trillion won ($4 billion) in South Korea for new EV battery factories. These deals were established to take advantage of Korea’s free-trade agreement with the United States to qualify for EV tax credits under the U.S. Inflation Reduction Act (IRA).