US EditionNew US rules, aimed at curbing China, could limit tax credits for electric vehicles
- New rules proposed by the departments of Treasury and Energy could make it harder for Americans to find electric vehicles that qualify for the $7,500 federal tax credit, hindering President Biden's goal of increasing electric vehicle sales.
- The proposed rules would limit the tax credit for EV buyers who purchase cars containing battery materials from China and other countries considered hostile to the United States.
- Automakers have made efforts to comply with the new rules by adjusting their supply chains and increasing investments in the U.S. to ensure eligibility for the tax credit.
69 Articles
69 Articles
The White House unveils new rules to try and keep China out of the US EV market
Ford announced it would collaborate with Chinese firm CATL on its new $3.5 billion Michigan battery plant earlier this year.Lukas Schulze/Getty ImagesThe White House has announced EVs with Chinese parts will be disqualified from a crucial tax break.It comes as the US aims to break China's stranglehold over the global electric battery supply chain.Key US automakers like Tesla and Ford are still using Chinese technology in their electric cars.Chin…
New US rules, aimed at curbing China, could make it harder for EV buyers to claim a full tax credit
The new rules limit electric vehicle buyers from claiming the full tax credit if they purchase cars containing battery materials from China and other countries that are considered hostile to the United States.
New US rules, aimed at curbing China, could make it harder for EV buyers to claim a full tax credit
The new rules limit electric vehicle buyers from claiming the full tax credit if they purchase cars containing battery materials from China and other countries that are considered hostile to the United States.
New US rules, aimed at curbing China, could make it harder for EV buyers to claim a full tax credit
The new rules limit electric vehicle buyers from claiming the full tax credit if they purchase cars containing battery materials from China and other countries that are considered hostile to the United States.
New US rules, aimed at curbing China, could make it harder for EV buyers to claim a full tax credit
The new rules limit electric vehicle buyers from claiming the full tax credit if they purchase cars containing battery materials from China and other countries that are considered hostile to the United States.
New US rules, aimed at curbing China, could make it harder for EV buyers to claim a full tax credit
The new rules limit electric vehicle buyers from claiming the full tax credit if they purchase cars containing battery materials from China and other countries that are considered hostile to the United States.
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