1. Short title; findings (a) Short title This Act may be cited as the Affordable American-made Automobile Act . (b) Findings Congress finds the following: (1) The automobile industry is vital to the national economy and to national security. It employs millions of Americans and develops new technologies with widespread civilian and military application. (2) The global automobile industry is already in the midst of an historic transformation to electric vehicle technology. This transition has profound implications for all Americans. (3) In critical measures of the global competition in the electric vehicle industry, the United States is behind China and is projected to fall further behind. The United States is behind in total vehicle sales, behind in the market share of new car sales, behind in investment, behind in battery manufacturing capacity, and behind in manufacturing capacity. The United States lags China to a great extent, but the United States is in third place in this competition, behind the European Union. (4) China sells half the electric vehicles sold in the world. In addition, China’s percent of new car market share of electric vehicles is twice that of the United States. In a few short years, the Chinese new market share of electric vehicles is expected to be triple the new market share in the United States. (5) China is predicted to control about 75 percent of the global battery capacity. (6) Global investment in electric vehicles is expected to reach $300 billion or even more