US wants to end incentives for electric cars with Chinese components

The United States wants to clamp down on electric vehicles (EV) that contain Chinese components and minerals. American buyers of eligible EVs are able to receive up to a US$7500 (A$11,244) tax credit, a measure intended to drive EV uptake. However, potential eligibility narrowed significantly with the Inflation Reduction Act, which passed last year and included an overhauled EV tax credit system. For more Motoring related news and videos check out Motoring > > Now, proposed guidance from the US Department of Energy provides clarity for the Act, and could further winnow down the number of EVs eligible for the…