A majority of electric vehicles may not be eligible for tax credits under a Senate proposal due to parts requirements, a group of major automakers said.
An analysis by the Congressional Budget Office on Wednesday suggested just 11,000 new EVs would use the credit in 2023.
Walmart and Electrify America announced more than 120 charging stations have been added to stores in 34 states.The bill includes rising requirements for the percentage of battery components originating from North America based on value. After 2023, it would disallow batteries with any Chinese components.
The group would rather see a more gradual phase-in of the battery component, critical mineral and final assembly requirements.
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