gazette.com

By ALEXA ST. JOHN - Associated Press | Source: The Gazette DETROIT (AP) — U.S. consumers looking to get a tax credit on an electric vehicle purchase have fewer models to choose from under new rules that limit the countries where automakers can buy battery parts and minerals — a potential blow to efforts to reduce planet-warming emissions from autos. The Inflation Reduction Act signed into law in 2022 expanded tax credits ranging from $3,750 to $7,500 for purchases of new and used EVs, an effort by the Biden administration to stoke demand toward its goal that half of all new vehicle sales be electric by 2030. But qualifying for the credits depends on requirements related to their battery makeup and minerals that get tougher each year. As of Jan. 1, new rules favor U.S. domestic mat...

By: David Morgan | Source: The Gazette WASHINGTON (Reuters) - Republican U.S. House Speaker Mike Johnson faced his first direct challenge from his own caucus on Wednesday, as hardline conservatives blocked a Republican bill to protest his bipartisan spending deal with top Senate Democrat Chuck Schumer. A dozen far-right Republicans, mostly members of the ultra-conservative House Freedom Caucus, joined Democrats to defeat an unrelated measure allowing debate and votes on passage of Republican resolutions opposing Biden policies on electric vehicles and other topics. Members of the House of Representatives group, who hope to impose lower spending and border restrictions, said they were voting to protest Johnson's $1.59 trillion top-line spending deal with Schumer, which has raised h...