Treasury’s upcoming EV guidance has a China problem

The Treasury Department is expected to roll out long-awaited guidance interpreting a key piece of the Inflation Reduction Act’s electric vehicle tax credit in the coming weeks. And with these rules, the Biden administration must balance its EV adoption goals and congressional pressure to crack down on China. POLITICO’s James Bikales breaks down Treasury's complicated dilemma, along with the political and climate stakes. Plus, the House on Friday passed an Interior-EPA funding bill with steep cuts.   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   Catherine Morehouse is an energy reporter for POLITICO and the host of the POLITICO Energy podcast. James Bikales is the host of Morning Energy and a reporter for POLITICO.  Nirmal Mulaikal is a POLITICO audio host-producer.  Kara Tabor is an audio producer for POLITICO. Gloria Gonzalez is the deputy energy editor for POLITICO.  Matt Daily is the energy editor for POLITICO.