New rule for electric car tax incentive delayed

Payne Institute Director Morgan Bazilian contributes to this podcast about how the Joe Biden administration wants half of all new vehicles sold by 2030 to be zero-emission. It’s pouring billions into the industry to incentivize car companies to make electric vehicles and get customers to buy them.  However, this week, the administration delayed announcing the details of a new rule requiring that a certain percentage of battery components be sourced in the U.S. or countries that have free-trade agreements with the U.S.  December 20, 2022.