THE Biden administration proposed new rules Friday (Dec 1) aimed at shifting more production of electric vehicle batteries and the materials that power them to the United States, in an attempt to build up a strategic industry now dominated by China.

The Biden administration on Friday issued-long awaited guidance that will limit Chinese content in batteries eligible for electric vehicle tax credits starting next year.

The Biden administration proposed new rules Friday that could make it harder for electric vehicles to qualify for a full $7,500 federal tax credit, complicating efforts to meet President Joe Biden's goal that half of new passenger vehicles sold in the U.

The government proposed new rules Friday that could make it harder for electric vehicles to qualify for a full $7,500 federal tax credit,

The Biden administration announced Friday that it will bar any electric vehicles from qualifying for subsidies if their batteries are made in China or with Chinese materials, a provision that extends to any companies worldwide that are under Beijing's sway.