Read this in The Manila Times digital edition.
(UPDATED) WASHINGTON, D.C.: The European Commission said Thursday (Friday in Manila) it "welcomes" US guidelines on a green subsidy scheme for commercial vehicles after officials outlined their implementation under a landmark spending bill the country passed earlier this year.
The US Inflation Reduction Act (IRA) contains around $370 billion in subsidies for green energy, as well as tax cuts for US-made electric cars and batteries.
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