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US' China-targeted battery rules likely to slow EV adoption

Peng Chen, DIGITIMES Asia, Taipei Monday 4 December 2023 0

Many EVs will not receive the full US$7500 tax credits under new battery rules. Credit: AFP

The US government released guidance on EV batteries and materials sourcing, mainly targeting China. Starting in 2024 and 2025, EVs will not be eligible for tax credits provided by the Inflation Reduction Act (IRA) if they contain battery components...

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