A challenge is making electric vehicles cheaper, to bring down carbon emissions, while reducing reliance on China.
Photo: Alisha Jucevic/Bloomberg NewsThe Biden administration is moving to jolt the domestic electric-car industry out of its reliance on China.
But much-awaited rules released Friday appear to leave some room for U.S. companies to work with Chinese partners.
The new requirements will likely reduce the number of electric-vehicle models that consumers can buy and qualify for a $7,500 tax credit.
How many vehicles are eligible will hinge on automakers’ ability to build cars that comply with the rules.
Persons:
Alisha Jucevic, Biden
Organizations:
Bloomberg
Locations:
China