THIS IS WHY INR ARE IN THE BOX SEAT - USA WANT TO USE LOCALLY MADE PRODUCT, AND NEED LOCAL MADE SOON - WHAT A HUGE ADVANATGE AND WHY IN MY OPINION THERE WILL BE NO ROAD BLOCKS IN REGARDS TO BUCKWHEAT - THE US GOVERNMENT AND CAR MAKERS WANT AND NEED LOCAL PRODUCTION OF MATERIALS.
A tax credit in the Inflation Reduction Act of 2022 designed to spur adoption of EVs could fail to reach consumers because of the auto industry’s heavy reliance on battery materials and components from China.To qualify for the credit, which could effectively shave up to $7,500 off the price of a new EV, the battery and key minerals used in it must be sourced from the US or from countries it has free-trade agreements with. Currently, most lithium-ion cells for EV batteries are built in China, and the US manufactures only about 7%.
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