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Just as today we can look at a nighttime satellite image and see the black void that is recalcitrant, unelectrified NorthKorea, once that was China. China may end up with the world’s most efficient electric transportation system powered by the world’s most toxic electrical generation.
Simply put, this means if a manufacturer is mostly based in countries such as NorthKorea, China, Russia, or Iran, they won’t qualify for the tax credit. This strategic focus aligns with the Biden administration’s steadfast commitment to meeting renewable energy goals and driving the expansion of electric vehicles.
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