Tassy, in my opinion, this is the single biggest catalyst the government has released since this battery revolution started.
For those who haven’t been following this, here is a link to a free article on it. It even mentions a partner.
https://electrek.co/2023/12/01/evs-with-chinese-parts-wont-qualify-for-the-full-7500-tax-credit-from-2024/
Tesla has been receiving this benefit for some time now, this tax credit has essentially been making teslas 7500$ cheaper than any of its competitors cars. There was speculation that this tax credit would end this year and because of that, Tesla would take a hit.
Electric cars are expected to make up 9% of car sales in America for 2023, this will be a record.
But government incentives like this can amplify that number, for example, Norway is expecting over 80% of its car sales to be electric for the same period.
This is why a TO from a government controlled, Chinese company should be considered a bad outcome, it would strip most of PCs progress over his time.
Exciting times for all non FEOC battery supply chain businesses.
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