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Home Science

US Will Keep Full $7500 EV Tax Credit for Made in China Batteries

November 30, 2023
in Science
US Will Keep Full $7500 EV Tax Credit for Made in China Batteries
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Home » Energy » US Will Keep Full $7500 EV Tax Credit for Made in China Batteries

The US Inflation reduction Act tax credits were going to be cut in half starting Jan 1, 2024 if the batteries did not have materials from US and US allied countries. This will requirement to shift battery materials out of China will be delayed. The final details and timing have yet to be decided.

BIG NEWS: The Biden administration is discussing granting automakers a temporary reprieve from new rules poised to limit a consumer tax credit for EVs that contain certain materials from foreign adversaries.

Administration officials have discussed phasing in enforcement for the…

— Sawyer Merritt (@SawyerMerritt) November 29, 2023

Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.

Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.

A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts.  He is open to public speaking and advising engagements.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Next Big Future – https://www.nextbigfuture.com/2023/11/us-will-keep-full-7500-ev-tax-credit-for-made-in-china-batteries.html

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