In addition to the"foreign entity of concern" rules set for 2024 and 2025, to be eligible for the tax credit, EVs must have undergone final assembly in North America; cost less than $55,000, or $80,000 for larger vehicles; and be purchased by an individual with an annual income of less than $150,000 or a family with an annual income of $300,000.
Ford wrote in November that it supports goals to bolster U.S. mineral and battery supply chains, but that an"overly expansive interpretation of this provision risks undermining that very same objective by making the clean vehicle credit largely unavailable." The company's partnership with CATL could signal an effort to sidestep such an interpretation.
Horn — who also formerly led policy on critical mineral strategy at the White House and served at the Department of Defense — said his company's work demonstrates the"U.S. not only has the ability to do this in a cleaner way, but in a technologically superior way" compared to foreign competitors. He argued that bolstering domestic supply chains is vital for national security.
"What they've understood very effectively is that if they're able to control 100% of the supply chain — even say 80% of the key components — then they can play around with legislation, finding loopholes to ensure that they still maintain control and have the ability to shut off supply in a way that gives them massive geopolitical leverage."green energy technologies
This proves that Biden is more interested in making corrupt climate deals to make obscene wealth for himself and China than to do what is best for national security and the taxpayer in this country.
IMPEACH Biden! Traitor to the USA giving our national sovereignty next week to the W.H.O., the proxy of the communist Chinese party
China will own us in 10yrs