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Fewer electric car models qualify for tax credits in 2024 after new requirements kicked in on Jan. 1.

(Bloomberg) -- The number of electric vehicle models eligible for a popular $7,500 consumer tax credit fell sharply as new rules from the Biden administration kicked in on Jan. 1.Most Read from BloombergIran Sends Warship to Red Sea After US Sinks Houthi BoatsQuake Hits Northwestern Japan, Killing Four, Wrecking HomesIndia’s Crude Oil Imports From Russia Plunge on Payment IssuesUS Pushed Dutch Maker of Chip Equipment to Block Chinese Sales Before DeadlineMaersk Halts Red Sea Shipping as US Navy

For now, we will just have to wait and see which electric vehicle models get more expensive.

Bolivia, home to some of the world's biggest lithium reserves, signed a USD 450 million deal Wednesday with Russian state firm Uranium One Group to produce the key battery and electric vehicle components. Uranium One Group was one of seven firms vying for the contract under a tender launched last year by Bolivia's state-run lithium firm, YLB. YLB chief executive Karla Calderon said the pilot plant would produce 1,000 tonnes of battery-grade lithium carbonate in its first year, before eventually scaling up to 14,000 tonnes per year.

Himadri: Lithium-ion batteries, which power electric vehicles (EV) and used to store energy, are expected to play a key role in India's goal to be a net zero emitter of greenhouse gases by 2070. The country is expected to see sales of more than 10 million EVs a year by 2030, rising more than ten fold from the last fiscal year, according to a recent annual Economic Survey.