Biden administration proposes electric vehicle tax credit guidance amid feud with Manchin ...Middle East

The Biden administration on Friday proposed new rules about when electric vehicles can be eligible for a consumer tax credit — though its disagreements with Sen. Joe Manchin (D-W.Va.) on the issue appear to be ongoing. In order to get Manchin’s approval of the Democrats’ climate, tax and health care bill, they added stipulations that limit which vehicles can get subsidies that aim to incentivize the purchase of climate-friendly cars. The law lifted a cap on how many cars can be eligible, but also added new hurdles, specifically pertaining to where the vehicles’ battery minerals are sourced and where the batteries are manufactured. Manchin has said that these stipulations will e

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Biden administration proposes electric vehicle tax credit guidance amid feud with Manchin ...Middle East

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