About the Hybrid & Electric Vehicle Fools category

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Worries about over capacity, too many ev models, and weak sales. 20% share in 2027?


Treasury announces delay in battery minerals requirement rules to qualify for full $7500 EV tax credit.


The new rules are out for comments. Some may have trouble qualifying for the full credit.


“The new rules take effect April 18 and are aimed at reducing U.S. dependence on China and other countries for battery supply chains for electric vehicles.”

" Manchin called it “horrific” that the Biden administration “continues to ignore the purpose of the law, which is to bring manufacturing back to America and ensure we have reliable and secure supply chains.″

Referring to the proposal’s 60-day comment period, Manchin said, “My comment is simple: Stop this now. Just follow the law.”"

“Senate Finance Committee Chairman Ron Wyden, D-Oregon, said he has concerns about the battery material provisions. “Free trade agreements cannot be unilaterally decided by the executive branch,” he said during a recent hearing. “They require consultation and consent from Congress. That includes any agreements on critical minerals.””