New Rules Will Make Many Electric Cars Ineligible for Tax Credits
The Biden administration hopes its guidelines for up to $7,500 in tax credits will encourage automakers to reduce their reliance on China for batteries and raw materials.
The German automaker announced a plan to accelerate its transition to battery-powered vehicles and bolster operations in China and North America.
The maker of electric trucks said it expected to double production in 2023 as the supply of parts became more reliable.
Employee doubts are rising about Taiwan Semiconductor Manufacturing Company’s $40 billion investment in an Arizona factory.
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