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Jump-starting the domestic supply chain for EVs

1 big thing

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Tax Credits for Electric Vehicles - What's the Cost?

Right now, most of the batteries for electric vehicles are made in China. The Biden administration and Congress really want to build a domestic supply chain. They've offered a tax credit to car makers for every battery that they produce in the US. Joanne says these rebates will cost taxpayers $136 billion over 10 years.

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