New rules restrict China's role in US EVs

Financial Times

The Biden administration has announced new rules to restrict China's role in US electric vehicle supply chains. From January, EVs made in the US with Chinese battery components or ties to the Chinese government will be ineligible for full subsidies. The move aims to break China's dominance in cleantech manufacturing. However, it may reduce the number of eligible EV models and impact the administration's goal of 50% electric vehicle sales by 2030.


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