New EV tax credit exemption will benefit US consumers, but also China

In a bid to make electric vehicles (EVs) more accessible to American consumers, the White House announced a new policy shift Friday, May 3, on its federal tax credits. The move for more affordable EVs stands to benefit U.S. consumers, but also China.
Earlier this year, the Biden administration implemented sourcing requirements for EVs to qualify for federal tax credits. The aim was to reduce dependence on Chinese dominance in the EV battery supply chain and prevent China from profiting off the growing EV market in the United States. However, the new rules proved challenging for many automakers to meet.
Full Story: san.com/cc/new-ev-tax-credit-...
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[@wam7484]

You know those 40 nuclear plants that will be needed? Actual number will be zero. There are going to be some edgy days ahead. Maybe investors can get back into coal cheap. Yeah, reality sucks.