The EV tax credit: all the cars, rules, and updates
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Joe Biden is racing to finalize the EV tax credit rules before November for some reason.
The Treasury Department is set to announce later this week the final set of rules around critical minerals in EV batteries, that will likely target “foreign entities of concerns” — which is government jargon for China. The rules won’t kick in until 2025, at which point the list of EVs eligible for the $7,500 credit is likely to shrink even more.
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