NonilexThe Treasury Dept wrote #regulations that make it harder for vehicles to qualify for the full federal #EV tax credit of $7,500 if key components are sourced from #China, w/a grace period for some rare materials like graphite. As part of the #IRA, final assembly of EV models must occur in #NorthAmerica to be eligible. The #Biden admin in May also imposed a 100% #tariff on Chinese EVs.
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