H.R. 7980, End Chinese Dominance of Electric Vehicles in America Act of 2024
H.R. 7980 would amend the Internal Revenue Code to tighten eligibility requirements for the new clean-vehicle tax credit. The bill would specify that the credit could not be claimed for vehicles powered by a battery containing components or materials that have been extracted, processed, recycled, manufactured, or assembled by a prohibited foreign entity or designed, manufactured, or produced under contract with such an entity. H.R. 7980 would define prohibited foreign entity as a foreign entity of concern or one with ties to North Korea, China, Russia, or Iran.
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