See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Treasury eases finalized electric vehicle tax credit to allow for Chinese graphite

Posted on AllSides May 3rd, 2024
From The Right

The Biden administration has eased restrictions for its electric vehicle tax credit, giving automakers more time to adjust to sourcing requirements meant to reduce reliance on China for materials.

The Treasury Department announced Friday that it has finalized rules for a tax credit that serves to encourage sales of electric vehicles while taking aim at foreign entities of concern, such as China, Russia, North Korea, and Iran, and their grip on critical minerals and EV battery components.

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

https://www.washingtonexaminer.com/policy/energy-and-environment/2989672/treasury-eases-finalized-electric-vehicle-tax-credit-allow-chinese-graphite/

More News about China from the Left, Center and Right

From the Left

From the Center

From the Right