Rules that take effect on Tuesday will limit the $7,500 credits to electric cars made domestically with minerals from the U.S. or trade allies. The Ford Mustang Mach-E at the New York International Auto Show this month. The Mustang will be eligible for only half the $7,500 tax credit because the battery is made in Poland.Credit…David Dee Delgado/Reuters Updated 2:06 p.m. ET
American brands like Tesla and General Motors will benefit most from rules that determine which electric vehicles qualify for tax credits starting on Tuesday. Foreign carmakers like Hyundai will be at a significant disadvantage because of restrictions aimed […]
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