For months now, European Union officials have pressed the Biden administration for a trade deal that would give EU automakers access to a larger chunk of the electric vehicle tax credits in the Inflation Reduction Act. But reaching that agreement is taking longer than expected, and talks could drag into the summer. POLITICO’s Steven Overly breaks down the sticking points in negotiations and why the White House is under immense pressure from Congress to broker a favorable agreement. Plus, a bipartisan group of senators is starting discussions on a broad permitting deal outside the tense debt ceiling negotiations.For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy
For months now, European Union officials have pressed the Biden administration for a trade deal that would give EU automakers access to a larger chunk of the electric vehicle tax credits in the Inflation Reduction Act. But reaching that agreement is taking longer than expected, and talks could drag into the summer. POLITICO’s Steven Overly breaks down the sticking points in negotiations and why the White House is under immense pressure from Congress to broker a favorable agreement. Plus, a bipartisan group of senators is starting discussions on a broad permitting deal outside the tense debt ceiling negotiations.
For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch
And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro:
https://subscriber.politicopro.com/newsletter-archive/morning-energy
Steven Overly covers the intersection of trade and technology for POLITICO.
Josh Siegel is an energy reporter for POLITICO.
Nirmal Mulaikal is a POLITICO audio host-producer.
Jenny Ament is the executive producer of POLITICO’s audio department.