Biden, EU leader to discuss proposal on electric vehicles
World Business News - POSTED: 2023/03/10 16:06
World Business News - POSTED: 2023/03/10 16:06
President Joe Biden and European Commission President Ursula von der Leyen are set to outline a plan Friday that the White House hopes will turn the page on a spat between the U.S. and European Union over electric vehicle tax credits.
Biden and von der Leyen are expected to agree to open negotiations between the U.S. and the EU on a deal that could boost the use of European minerals critical in the production of electric vehicle batteries that are eligible for U.S. tax credits through Biden’s roughly $375 billion clean energy law that passed last year.
“We do hope to be able to come out of this meeting able to launch some negotiations on a trade agreement on critical minerals as well as a dialogue on subsidy transparency,” White House National Security Council spokesman John Kirby said.
Biden and von der Leyen are also expected to use their Oval Office meeting to discuss Western coordination to support Ukraine in the war against Russia, joint efforts to decrease Europe’s dependence on Russian fossil fuels and the Biden administration’s growing concerns that China is considering providing weaponry to Russia for use in the war.
Kirbcommit to a deadline for finalizing negotiations on the global arrangement on sustainable steel and aluminum,” National Security Council spokesman John Kirby told reporters Friday.