Manchin threatens legal action against Biden administration over EV tax credits.

Senator Joe Manchin has threatened to sue the Biden administration over electric vehicle (EV) tax credits, ahead of the US Treasury's expected release of battery sourcing guidance for EV tax credits later this week. Manchin, a regular supporter of the fossil fuel industry's interests in Congress, said he intends to transfer the EV supply chain from China and will pay attention to how the Treasury will classify processing and manufacturing in determining eligibility for $7,500 EV tax credits. The new rules are expected to result in fewer vehicles qualifying for full or partial credits.