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US Gov't Rules Aims To Limit China's Role In Electric Cars

03 Dec 2023 | Abstracted from BBC

"Chinese firms currently produce the vast majority of electric car batteries and the minerals used in them...

"Starting in 2024, the law also barred cars from eligibility for tax credits if they contain battery components manufactured or assembled by a "foreign entity of concern".

"Only about 20 of more than 100 models of electric vehicles for sale in the US currently qualify for the tax credit."



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