The Biden administration has issued long-awaited guidance limiting Chinese content in batteries eligible for electric vehicle tax credits from next year. As part of an effort to reduce dependence on China in the electric vehicle battery chain, the U.S. Treasury will temporarily exempt certain trace critical minerals from new rules affecting materials from China and other countries designated as “Foreign Entities of Concern.” The exemption is expected to last for two years and aims to prevent a significant number of vehicles from becoming ineligible for tax credits. Automakers, including General Motors and Ford, are closely monitoring these regulations as they plan investments in battery production for electric vehicles.
- Ibtehaj Tahir
- December 26, 2023
Japan’s ambitious lunar exploration mission, the Smart Lander for Investigating Moon (SLIM), also known as the “Moon Sniper,” has achieved a significant milestone by successfully […]
- Ibtehaj Tahir
- November 10, 2023
In an interview with CNBC, billionaire investor Ron Baron forecasts that Elon Musk’s SpaceX will achieve a valuation of approximately $500 billion by 2030. Baron, […]
- Usama Mudassar
- August 18, 2023
“screen lock” feature on WhatsApp Web marks a significant step forward in enhancing user privacy and security. By implementing this feature, WhatsApp demonstrates its commitment to providing a secure platform for seamless communication, regardless of the device being used. Users can now enjoy an added layer of protection that ensures their conversations remain private and confidential, even in scenarios where physical access to the computer might be compromised.