The Biden administration finalized guardrails for its electric vehicle tax credit on Friday that keep President Joe Biden’s EV adoption goals in sight but are likely to draw challenges from critics on both sides of the aisle who say he is illegally opening the door for Chinese imports.
The rules offer some reprieve for automakers on the most severe restrictions on Chinese minerals, acknowledging that fledgling American battery suppliers will need years — or possibly decades — to catch up to their Chinese competitors.
