U.S. to Limit China’s Ability to Benefit From Electric Vehicle Industry
Posted inBatteries Electric and Hybrid Vehicles Inflation Reduction Act of 2022 International Relations Lithium (Metal) Metals and Minerals Regulation and Deregulation of Industry Supply Chain Tax Credits, Deductions and Exemptions Treasury Department

U.S. to Limit China’s Ability to Benefit From Electric Vehicle Industry

The Biden administration issued new rules to prevent Chinese firms from supplying parts for electric cars set to receive billions of dollars in tax credits.