Autos Drive America Reacts to House Passage of Inflation Reduction Act of 2022
August 12, 2022
WASHINGTON, D.C. –Autos Drive America President and CEO Jennifer Safavian issued the following statement in reaction to House passage of the Inflation Reduction Act of 2022:
“International automakers are investing heavily in the United States to boost clean vehicle production—both to meet the demand of consumers and our shared climate goals. Autos Drive America members have announced over $14 billion in investments into clean vehicle production in the U.S. in the past year, and currently offer nearly 50 clean vehicle models to U.S. consumers. It will take time for automakers to transition supply chains to meet the sourcing requirements in the Inflation Reduction Act and be able to provide consumers with a broad array of vehicles to meet their needs.
“It is disappointing that Congress did not recognize the necessity of working with all of our allies as supply chains are being developed within the North American region. Many of our strongest allies, including South Korea and the European Union, have already raised concerns that the Clean Vehicle Credit may violate international trade rules. At a time when countries and industry are investing together towards more resilient supply chains, we should not limit the partners that can help advance the transition towards cleaner transportation.
“With President Biden expected to sign this bill in the coming days, we encourage the administration to implement the Inflation Reduction Act in a way that auto manufacturers, suppliers, and allied countries alike can all work together to enable more consumers to make the transition to cleaner vehicles.”