Federal tax credit rules are changing as of January 1 in the US, with the $7,500 tax break now only applicable to a handful of electric vehicles.The changes are coming into force as an incentive for manufacturers to build and source materials for their electric vehicles on home soil, rather than relying on outsourcing much of it to Asia and beyond.This is particularly pertinent for ‘Foreign Entities of Concern,’ or FEOC, namely China, North Korea, Russia and Iran. Essentially,
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