Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto
Baua Electric
MAY 3, 2024
1 restricting Chinese content in batteries eligible for EV tax credits of up to USD 7,500, which sharply cut the number of eligible vehicles. China currently accounts for 70% of global output of graphite, which is used to make electric battery anodes, the negatively charged portion of the battery. New rules took effect on Jan.
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