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04 Dec

US tax credit changes could drive up EV prices

New regulations from the Biden administration could contribute to higher EV prices while creating supply chain headaches across the sector, Kallanish learns. Under new guidelines announced by the US Department of Treasury on Friday, EVs that contain Chinese-made battery parts will be ineligible for the full $7,500 Inflation Reduction Act’s clean vehicle credit. Additional stipulations have also been introduced around critical mineral tracing and processing. …
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