America Beijing Boycott Canada Car China Chinese Congress Donald Trump electric vehicle European Factory Investment Iran Japan Manufacturer Manufacturing Mexico Minerals North Korea Revenue Russia Sourcing South Korea Supply Chain
It comes months after an earlier Treasury rule on domestic manufacturing locked out many vehicles from European, Japanese and South Korean automakers from receiving the tax credit. Around 22 electric and plug-in hybrid models currently qualify for the credit, less than one-fifth of the more than 100 models on the market. It's not clear how many of those cars will remain eligible when the new rules take effect come January. The stringent rules are a victory for China hawks seeking to cut U.S. reliance on the country, while automakers like Ford — which is planning to license Chinese battery technology…
News Timeline:
Track the development of this news story across the Internet.