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US loosens some electric vehicle battery rules, potentially making more EVs eligible for tax credits

The U.S. government on Friday loosened some rules governing electric vehicle tax credits, potentially making more EVs eligible for credits of up to $7,500 but leading critics to accuse the Biden administration of helping China. The Treasury Department announced final regulations for the credits under the 2022 Inflation Reduction Act, giving automakers more time to comply with some provisions about where battery minerals can come from.
North Korea United States West Virginia John Bozzella Joe Biden Joe Manchin
Source: yahoo.com

US eases EV battery rules, expanding tax credit eligibility

DETROIT (AP) — The US government on Friday loosened some rules governing electric vehicle tax credits, potentially making more EVs eligible for credits of up to USD7,500 but leading critics to accuse the Biden administration of helping China. The Treasury Department announced final regulations for the credits under the 2022 Inflation Reduction Act, giving automakers […]
West Virginia United States City Of United Kingdom North Korea John Bozzella

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