Although Donald Trump has opposed policies that favor electric cars, if he becomes president he could ease regulatory scrutiny of Tesla or protect lucrative credits and subsidies.
Treasury Secretary Janet L. Yellen warned that China’s industrial strategy posed a global threat that requires a united response.
A deal to allow the Israeli billionaire Dan Gertler to cash out his mining positions in the Democratic Republic of Congo has enraged human rights activists and some government officials.
Biden administration officials opted to make a broad set of locations eligible for the tax credits, covering much of the country outside of major cities.
The Treasury Department pledged to carefully scrutinize foreign investments in the United States for national security threats.
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.
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.
Rules that take effect on Tuesday will limit the $7,500 credits to electric cars made domestically with minerals from the U.S. or trade allies.
The Biden administration has faced backlash in Europe and Asia over its plans to bolster electric vehicle and battery production.
Competition, government incentives and falling raw material prices are making battery-powered cars more affordable sooner than expected.