U.S. Delays Key Step for EV Subsidy Program After Foreign Pushback

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U.S. Delays Key Step for EV Subsidy Program After Foreign Pushback
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The Treasury Department said details on the battery-sourcing requirements that electric vehicles must meet to qualify for up to $7,500 in tax credit will be released in March

The climate bill recently passed by the Senate could knock thousands of dollars off the sticker price of electric vehicles, but it’s also redefining which cars are eligible. WSJ’s George Downs breaks down the new rules and what it means for the EV industry.

Illustration: George Downs
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