Today news
About the same in other media
New EV Rules Mean Fewer Models Eligible for Tax Credit
Reading now: 228
WASHINGTON—The Biden administration detailed new criteria for an electric-vehicle tax-credit program, a change that officials said they expect will reduce the number of eligible models.
The new rules, issued by the Treasury Department Friday, aim to make the U.S. less reliant on batteries and critical minerals shipped from China. For car buyers to claim the full $7,500 tax credit, the batteries must contain set amounts of components made in North America and critical minerals sourced in the U.S. or from certain friendly countries.
Read more on wsj.comAbout this in other media
Green Tax Credits Are Likely to Be More Popular—and Expensive—Than Expected wsj.com /1 year ago
Green Tax Credits Are Likely to Be More Popular—and Expensive—Than Expected wsj.com /1 year ago
Green Tax Credits Are Likely to Be More Popular—and Expensive—Than Expected wsj.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
