Foreign Automobile Industry Restriction on Electric Vehicle Tax Credits Act of 2023

This bill restricts eligibility for federal electric vehicle tax credits by barring manufacturers majority-owned by foreign adversaries (as defined in federal regulations) or their related entities from claiming these credits. It amends the Internal Revenue Code to require EV manufacturers to certify they meet this ownership standard to qualify for Section 30D tax credits. The provision applies to vehicles placed in service after the bill's enactment date. This directly affects EV manufacturers with significant ties to designated foreign governments, altering which companies can access these tax incentives.