Author Topic: Biden Moves To Limit EV Tax Credits In Blow To Climate Agenda  (Read 302 times)

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Offline rangerrebew

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WRITTEN BY THOMAS CATENACCI ON MAR 31, 2023. POSTED IN LATEST NEWS

Biden Moves To Limit EV Tax Credits In Blow To Climate Agenda
 
The Biden administration proposed a series of highly-anticipated rules, providing some clarity on how it will implement Inflation Reduction Act (IRA) provisions that restrict which electric vehicles (EVs) are eligible for tax credits.

The rules, issued by the Treasury Department on Friday morning, outline the sourcing requirements for critical minerals and battery components automakers must use in EV batteries to ensure eligibility for the full $7,500 credit. [emphasis, links added]


The IRA — which President Biden signed into law in August — was crafted by lead sponsor Sen. Joe Manchin, D-W.Va., to bolster domestic EV battery supply chains and reduce reliance on hostile nations like China.

https://climatechangedispatch.com/biden-moves-to-limit-ev-tax-credits-in-blow-to-climate-agenda/
The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address