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Electric VehiclesTheStreet
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75% Informative
The End Chinese Dominance of Electric Vehicles in America Act of 2024 would strip an EV 's eligibility for IRA tax credits of up to $7,500 if the manufacturer uses battery technology licensed from China .
The U.S. House of Representatives passed a bill that has the potential to restrict electric vehicle tax credits and jeopardize critical partnerships that can dictate the future of American automakers.
The White House also opposes the bill.
"Longer driving range and faster charging speed remains the key requirements for todays consumers," Huan said at the Bejing Auto Show . "Shenxing Plus enables you to travel freely and enjoy your life." Related: Veteran fund manager sees world of pain coming for stocks.
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