Page 4 - Conor Bernstein News Today

Biden wants half of new cars to be electric by 2030—but new rules proposed Friday would effectively raise prices on EVs with Chinese batteries.

If EV battery materials are from China, the car wouldn't qualify for a full $7,500 federal tax credit

The Treasury Department on Friday released proposed rules to interpret the Inflation Reduction Act's mineral provisions for electric vehicle credits.

Americans could have a harder time finding electric vehicles that qualify for a full $7,500 federal tax credit under new rules being proposed.

WASHINGTON (AP) — Americans could have a harder time finding electric vehicles that qualify for a full $7,500 federal tax credit under new rules proposed Friday that are likely to hinder President Joe Biden’s goal that half of new passenger vehicles sold in the U.S. run on electricity by 2030. Plans outlined by the departments […]

Americans could have a harder time finding electric vehicles that qualify for a full $7,500 federal tax credit under new rules being proposed.

WASHINGTON (AP) — Americans could have a harder time finding electric vehicles that qualify for a full $7,500 federal tax credit under new rules proposed Friday…

Americans could have a harder time finding electric vehicles that qualify for a full $7,500 federal tax credit under new rules being proposed.

Guidance from the Treasury Department will spell out how hard a line the U.S. is drawing against electric vehicles with battery parts or minerals sourced from China.

Lawmakers want the congressional watchdog to examine whether mine operators are idling mines to stall reclamation and cut costs.