Can tax credit rules drive EV adoption and spur U.S. battery supply chain?

The new foreign entity of concern rules are likely to slash the number of vehicles that qualify for tax credits. For Ford, which has a deal with China’s CATL to leverage its technology at a battery plant under construction in Michigan, the guidance could be pivotal. (QILAI SHEN\/BLOOMBERG)

December 10, 2023 06:00 PM

WASHINGTON — New electric vehicle tax credit guidance from the Biden administration underlines how challenging it is becoming for the White House to balance major policy goals in the Inflation Reduction Act.

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