Tuesday, August 2, 2022

EV tax credit proposal less about consumers, more about sourcing, industry exec says

The EV tax credit proposal unveiled last week by U.S. Democratic Sens. Chuck Schumer and Joe Manchin lifts the cap on the current $7,500 tax credit but adds increasingly stringent critical mineral and battery sourcing requirements for automakers, among other rules.



from Section Page News - Automotive News https://ift.tt/0MBqv7r

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