How Biden might ease the EU-US EV rift

The Biden administration may allow European companies to qualify for U.S. tax incentives under the Inflation Reduction Act if the two sides can reach a trade deal in the next few weeks, a senior administration official told POLITICO on Friday. It’s a move that could ease a major source of transatlantic friction and help President Joe Biden meet his promise to consumers to help make electric vehicles more affordable. POLITICO’s Zack Colman breaks down the details of the trade talks. Plus, FERC finds that a Southeast pipeline project would have a limited environmental impact, paving the way forward for a project tapped for expedited review. Zack Colman covers climate change for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Raghu Manavalan is a senior editor for POLITICO audio. Jenny Ament is the executive producer of POLITICO’s audio department.