Op-Ed: Inflation Reduction Act threatens national security

This article originally appeared in Washington Times on January 5, 2023

Shortly after taking office, the Biden administration declared the integrity of America’s critical mineral supply chains an important issue for “economic prosperity and national security.” Yet the Inflation Reduction Act’s (IRA) electric vehicle consumer tax credit scheme tells a different story. Provisions expected to take effect early this year will facilitate the offshoring of the critical mineral industry while providing a lucrative loophole for Chinese companies.

The new rules form part of the president’s agenda to pull U.S. consumers and manufacturers away from gasoline- and diesel-powered vehicles. Under the previous federal tax credit scheme, an auto manufacturer’s first 200,000 electric vehicles would be eligible for a consumer tax credit. While the IRA removes this cap, it also introduces a raft of new, location-specific content and manufacturing requirements.  

Read full op-ed in Washington Times