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Joe Biden is racing to finalize the EV tax credit rules before November for some reason.
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The Treasury Department is set to announce later this week the final set of rules around critical minerals in EV batteries, that will likely target “foreign entities of concerns” — which is government jargon for China. The rules won't kick in until 2025, at which point the list of EVs eligible for the $7,500 credit is likely to shrink even more.
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