To win the full credit, EV makers have to source in 2023 at least two-fifths of battery materials from the US or free trade agreement partners such as Canada, Chile and Australia or recycle it in North America.
The Petro administration, which took office on Sunday, has proposed a tax reform bill to Congress that would raise $5.8 billion in 2023 in an effort to increase revenue for anti-poverty programs.
Australia can become a renewable energy superpower but a dose of realism on the scale and cost of achieving the goals would be welcome, writes Clyde Russell.