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US Extends Tax Credits for EVs Containing Chinese Graphite: Update on Electric Vehicle Tax Credits /
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2024-05-04 01:58:24

US Extends Tax Credits for EVs Containing Chinese Graphite: Update on Electric Vehicle Tax Credits on Nostr: US Extends Tax Credits for EVs Containing Chinese Graphite: Update on Electric ...

US Extends Tax Credits for EVs Containing Chinese Graphite: Update on Electric Vehicle Tax Credits
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#cfea4568 ver:0.13

The US extends tax credits for EVs containing Chinese graphite until 2026, benefiting the South Korean EV industry. The Inflation Reduction Act offers up to $7,500 in tax credits for EV buyers meeting sourcing requirements. The Biden administration aims to boost EV sales and reduce fossil fuel emissions. However, the full tax credit is not available if the car contains battery minerals from countries hostile to the US. The changes aim to encourage more Americans to purchase electric vehicles and achieve the goal of having half of all new vehicle sales be electric by 2030. #EVs #taxcredits #cleanenergy...

#newstr #ElectricVehicles #TaxCredits #BidenAdministration #EvSales

https://here.news/story/cfea4568?ver=0.13
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