Posted inBatteries Biden, Joseph R Jr China Electric and Hybrid Vehicles Europe European Union Factories and Manufacturing Ford Motor Co General Motors Global Warming Greenhouse Gas Emissions Hyundai Motor Co Inflation Reduction Act of 2022 International Relations International Trade and World Market Japan Lithium (Metal) Metals and Minerals Tax Credits, Deductions and Exemptions Tesla Motors Inc United States United States Politics and Government
New Rules Will Make Many Electric Cars Ineligible for Tax Credits
The Biden administration hopes its guidelines for up to $7,500 in tax credits will encourage automakers to reduce their reliance on China for batteries and raw materials.