Hanwha Qcells expects to make solar panels and their components in the United States to take advantage of President Biden’s climate policies.
Foreign-made cars no longer qualify. Tesla and G.M. should become eligible again. But officials are still working on the fine print.
Trump huffed and puffed; Biden is rewriting the rules.
The kingdom is working to keep fossil fuels at the center of the world economy for decades to come by lobbying, funding research and using its diplomatic muscle to obstruct climate action.
The president’s plans to bolster America’s electric vehicle and battery production have opened a rift in relationships in Asia and Europe.
The project also illustrates how difficult it is to get lithium out of the ground and break China’s dominance in processing the metal and turning it into batteries.
The country’s success with two- and three-wheeled vehicles that sell for as little as $1,000 could be a template for other developing countries.
The new climate, tax and health law signed by President Biden extends a credit for electric vehicle buyers. But there are new strings attached that kick in at different times.
Ties to potentially coercive labor practices could prove a problem for an industry that is heavily dependent on China, once a new law barring Xinjiang products goes into effect.
Rates have jumped because of a surge in natural gas prices and could keep rising rapidly for years as utilities invest in electric grids.