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27 Sep
17:05

China responds to EV issues in US Inflation Reduction Act

China expressed "serious concern" regarding the electric vehicle subsidy items in the Inflation Reduction Act 2022, Kallanish learns.  The Inflation Reduction Act 2022 has officially become legislation in the United States. It set new requirements for new energy vehicle models that are eligible for tax credits. For example, a certain percentage of raw materials for EV batteries must be sourced from the free trade agreement partne…
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