U.S. Unveils Supply Chain Requirements For EV Tax Credits ...Middle East

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U.S. Unveils Supply Chain Requirements For EV Tax Credits
source : OILPRICE ( Middle East ) () 37
The U.S. government has unveiled tighter rules on electric vehicle (EV) tax credits to curb the nation's reliance on China's EV battery supply chains.  As part of President Joe Biden's push to make 50% of U.S. new vehicle sales EVs or plug-in hybrids by 2030, the new sourcing requirements will reduce or eliminate credits on some zero-emission models.  The new guidance, issued by the U.S. Treasury Department, includes requirements for the procurement of critical minerals and battery components and aims to increase domestic supply…

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