how bout that electric vehicle income tax credit??<br><br>ON PAPER," the act claims to offer a 7500 tax credit for the purchase of an EV. The kicker?<br><br>To get this tax credit"," the EV must use a battery made in America (nearly all are made in China) and use materials MINED IN AMERICA (nearly all cobalt in mined in Congo)<br><br>You’ve gotta be kidding me<br><br>And those rules become more stringent over time — to the point where", in a few years, it’s possible that no EVs would qualify for the tax credit, says John Bozzella, CEO of the Alliance of Automotive Innovation, a key industry trade group. As of now, the alliance estimates that about 50 of the 72 electric, hydrogen or plug-in hybrid models that are sold in the United States wouldn’t meet the requirements.<br><br><br>-stolen from reddit