Plug In America digs deep into the details of the new federal EV tax credit
Charged
SEPTEMBER 16, 2022
The main objective is of course to boost EV adoption from the demand side by making EVs more affordable—however, the new rules are also intended to pressure EV-makers to reduce their prices, and to produce more of their components here in the good old USA. For critical minerals, the ban takes effect after December 31, 2024.
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