Author: Gabrielle Coppola and Christopher Condon

Treasury Signals Opening for Foreign Carmakers on EV Subsidy

(Bloomberg) -- The US Treasury Department signaled some imported cars will qualify for electric-vehicle tax credits in the Inflation Reduction Act, a move that could assuage Asian and European allies’ concerns about the sweeping climate legislation.Most Read from BloombergMilan Reports 50% of Passengers on China Flights Have CovidWall Street’s Top Stars Got Blindsided by 2022 Market CollapseGoldman CEO Solomon Says Job Cuts Are Coming Next MonthStocks Post Month’s Best Day as Rate Surge Fades: M