The United States lowered the number of electric vehicles (EVs) eligible for tax credits from 17 to eight, in an attempt to decrease its reliance on supply from China, Nikkei Asia reported.
The $7,500 in tax credits for the purchase of certain EVs was approved for the eight vehicles that do not contain Chinese battery components, in United States President Joe Biden's bid to impose a tougher stance on China, as announced in December. The new list contains models such as General Motors' Chevrolet Bolt, Ford Motor Company's F-150 Lightning, two models from Rivian Automotive Inc. and three from Tesla Inc., among which is the Model Y, while Tesla's Cybertruck did not make the cut.
Apart from the new regulations concerning the removal of EVs containing Chinese battery components, the also US plans to downsize the list by any number of vehicles containing Chinese nickel, lithium and other key minerals in 2025.
