By 2035, all new cars sold in the EU will be zero-emission.
And there's a plan to achieve their goal …
Here are the details.
The agreement does leave room for cars that run on e-fuels (fuel created from captured CO2 emissions). The change was made due to a stubborn Germany.
And now the world turns to the U.S. for a parallel pledge.
But at the moment, the federal government is especially concerned about self-reliance and domestic business.
Senator Joe Manchin is prepared to sue the Biden administration for an alleged laissez-faire tax credit. Specifically when it comes to defining the vocabulary of 'processed' materials.
Here's what he had to say …
"Does it mean basically the processing of the raw product into a form that we can take and put in manufacturing, or is it basically the making the powders and the wafers and everything that we need... and calling that processing? You do that, and we don't meet our objective of being self-reliant... I'm willing to go to court, I'm willing to stop it all. Because that's not the intent."
- Joe Manchin
The Senator wants to see more self-reliance. And he wants legislation that mandates it.
Here are the details.
As this sector continues to grow, the value it holds for individual countries grows with it. That's why we see issues like this in the media.
Our goal is to follow the money and pay attention to the best setups.
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