US loosens some electric vehicle battery rules, potentially making more EVs eligible for tax credits
- Some mineral exemptions until 2027 are implemented to avoid disqualifying vehicles from tax credits due to traceability issues, potentially impacting EV eligibility in 2025 and 2026.
- The National Mining Association criticizes the exemptions as favoring China, with Senator Joe Manchin expressing concerns about endorsing Chinese products.
- The U.S. Government relaxes EV tax credit rules following consultation with industry voices.
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Leaning Left9Leaning Right2Center8Last Updated15 days agoBias Distribution47% Left