The Biden administration hopes its guidelines for up to $7,500 in tax credits will encourage automakers to reduce their reliance on China for batteries and raw materials.
President Biden and the European Commission president are set to discuss how to effectively counter Russia and a potential trade deal for electric vehicles.
Ownership rates of electric cars have more than doubled in New York City and the surrounding area, propelled by more varied models, more public charging stations and the fact they are now cheaper.
Doing taxes in 2023 feels a lot like it did before the pandemic. Still, there are some meaningful changes to keep in mind.
The Biden administration has faced backlash in Europe and Asia over its plans to bolster electric vehicle and battery production.
And quick.
If it fails or misfires, then it will greatly limit the number of tools to fight climate change or a recession.
Competition, government incentives and falling raw material prices are making battery-powered cars more affordable sooner than expected.
In places like West Virginia, money from three major laws passed by Congress is pouring into the alternative energy industry and other projects. “I think it’s a renaissance for the labor movement,” said one union official.
Americans can get tax credits to go electric, but only if they have cash upfront. Other countries have programs, too.