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.
Some firms argue that a law aimed at popularizing electric vehicles risks turning the United States into an assembly shop for Chinese-made technology.
The move is the oil giant’s first foray in the production of a metal vital for electric vehicle batteries.
President Biden’s 2022 climate act spurred big investments in U.S. battery factories, but it has not similarly boosted E.V. sales.
Growth is brisk but slower than expected, causing automakers to question their multibillion-dollar investments in new factories and raising doubts about the effectiveness of federal incentives.
The prices of used battery-powered models have fallen sharply, as the supply of cars and trucks has improved.
Firestorms over Chinese investments, like a battery factory in Green Charter Township, are erupting as officials weigh the risks of taking money from an adversary.
Why I’m worried about the next phase of the Inflation Reduction Act’s ro
Lucrative tax incentives have fueled a surge in solar panels but failed to boost wind power, data from a new project show.