Proposed Changes to Federal EV Tax Credit – Part 4: Chinese-Assembled Vehicles Will Not Be Eligible for Tax Credit
EV Adoption
AUGUST 23, 2021
The intent of this provision is clear as President Biden and lawmakers in Congress have stated their concerns over China taking the lead in the production of electric vehicles, batteries, and autonomous vehicle technology. And the company recently announced plans to raise $9 billion in a private placement for future expansion.
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