Purchases of popular models like the Tesla Model 3 and the Ford Mustang Mach-E may no longer entitle buyers to tax savings because the cars do not meet tougher sourcing requirements.
Other governments, particularly in Europe, are trying to counter the Biden administration’s industrial policies with their own incentives.
The Biden administration issued new rules to prevent Chinese firms from supplying parts for electric cars set to receive billions of dollars in tax credits.
After decades of stagnation, the Tar Heel State is the beneficiary of a lithium rush fueled by demand for car batteries.
Some firms argue that a law aimed at popularizing electric vehicles risks turning the United States into an assembly shop for Chinese-made technology.
China and the U.S. both gained from their economic integration. As they pull apart, each is finding it will be hard to fully replace the other.
America needs to invest in mining and build resilient supply chains for the building blocks of electric batteries.
The prices of used battery-powered models have fallen sharply, as the supply of cars and trucks has improved.
The Canadian government matched financial incentives available in the U.S. to attract the investment from Northvolt, a Swedish company.
The European Commission president, Ursula von der Leyen, announced the inquiry amid growing concern about China’s dominance over electric vehicles.