Buyers of EVs with batteries from China get dinged under new Biden administration rules for tax credits
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Biden wants half of new cars to be electric by 2030—but new rules proposed Friday would effectively raise prices on EVs with Chinese batteries.
https://fortune.com/2023/12/01/ev-tax-credits-electric-vehicle-china-battery/
The price of newer, more efficient gas cars will go up, ensuring the lower classes keep using older, less efficient cars. It will be like when Canada pushed legislation requiring a larger distance between patrons and strippers to stop groping, only to have them injured by getting pelted by loonies and toonies.
Statists don't believe state actions have equal and opposite reactions.
My 2003 VW Golf 1.9 TDI diesel got almost 50 miles per gallon... bring back diesel!
