Now to some of the other business headlines, you
need to know the Biden administration says electric vehicles made
with battery materials from China will not be eligible for
the full ev tax credit under new proposed rules.
Earlier today, the Treasury and Energy Departments announced the
proposals which are required as part of the inflation reduction
act that Congress passed last year. The White House
says it hopes the new rules will lead to greater
ev supply chain development here in the United States.
President Biden has set a goal to have half of
passenger vehicles sold nationwide to be electric by 2030.