Manchin Rejects Biden’s EV Tax Credit as ‘Ludicrous’ (1)

Democratic Senator Joe Manchin pushed back on a Biden administration proposal to expand the popular tax credit for electric-vehicle purchases, calling the idea “ludicrous” and adding a new obstacle to White House plans for fighting climate change.

“There is a waiting list for EVs right now, with the fuel prices, but they still want us to throw a $5,000, or $7,000 or $12,000 credit for us to buy electric vehicles,” Manchin, a West Virginia Democrat, said during a Senate budget hearing Thursday.

“When we can’t produce enough product for the people that want it and we’re still going to pay ...