Updated December 1, 2023 at 3:15pm ET
The Biden administration is working to shift the domestic electric vehicle industry away from dependence on China. But the long-awaited rules announced Friday appear to leave room for U.S. companies to work with Chinese partners.
The new requirements will likely reduce the number of electric vehicle models that consumers can purchase and qualify for the $7,500 tax credit. How many vehicles are covered depends on whether automakers can produce vehicles that comply with the rules.
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