News Snapshot:
Under the tightened restrictions, electric and plug-in-hybrid vehicles can get the full tax credit only if the vehicles are made in the U.S., and only if most of their batteries and critical minerals come from the United States or its closest trading partners. In the long run, the limits are intended to foster the creation of jobs and a vast new clean-energy industry inside the United States, as Congress was seeking when it enacted Democrats’ climate law last year. But for now, it will limit the choices of consumers hoping the tax breaks can make EVs more affordable — and...
