The European Union expressed concern Thursday that a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles would discriminate against European producers and break World Trade Organization rules.
BEIJING, December 5 (TMTPost)— The U.S. government is going to impose new limits on electic vechile (EV) tax credits, which is deemed as a new curb targeting Chinese firms. Credit:Visual China The U.S. Department of Energy (DOE) proposed interpretive rule and request for public comment...
BEIJING, December 5 (TMTPost)— The U.S. government is going to impose new limits on electic vechile (EV) tax credits, which is deemed as a new curb targeting Chinese firms. Credit:Visual China The U.S. Department of Energy (DOE) proposed interpretive rule and request for public comment...
BEIJING, December 5 (TMTPost)— The U.S. government is going to impose new limits on electic vechile (EV) tax credits, which is deemed as a new curb targeting Chinese firms.Credit：Visual China The U.S. Department of Energy (DOE) proposed interpretive rule and request for public comment...
The new rules could pose risks about the U.S. government’s efforts to develop EV industry.Two thirds of global battery cell production is in China, while the United States accounts for just 10%, according to the International Energy Agency (IEA). China also leads the global processing of ...
Electric vehicles (EVs) with battery parts made by companies owned in part by China or another "foreign entity of concern" will not qualify for a $7,500 tax credit starting in 2024, under guidelines President Joe Biden's administration proposed on 1 December.Energy Argus petroleum coke group...
Starting next year, EV buyers in the US will not be able to claim the full $7,500 federal tax credit if they purchase autos containing battery parts from China and other countries considered a "foreign entity of concern". The a...
Guidelines released Friday by the Treasury Department spell out requirements that EV batteries have to meet for vehicles to qualify for a full $7,500 consumer tax credit. While the IRA stipulates that a percentage of critical minerals in the battery must be sourced from America or countries it ...
The rules would limit EV buyers from claiming the full tax credit if they purchase cars containing battery materials from China and other nations "of concern" that are considered hostile to the United States. Those include Russia, North Korea and Iran. Under the final rule, however, small ...
On Thursday, the US House narrowly voted to pass a bill restricting EV tax credits for vehicles using battery technology licensed from China. The bill has faced opposition from the White House, the South China Morning Post reported on Friday. ...