US EV Policy: According to S&P Global Commodity Insights, despite encouraging the inclusion of U.S.-sourced battery metals such as lithium, cobalt, and nickel in tax credit-eligible EVs, low domestic production levels are expected to keep the U.S. reliant on foreign producers.
Will 2024 make it easier to purchase an electric bike or vehicle? The state is offering a bigger tax credit to EV’s, and the City of Manitou Springs is giving out electric bike vouchers.
The US and Biden administrations are pushing for new tax guidelines that cover hydrogen for cars. Electric vehicles are the massive focus of the transportation industry now, but there is also a surmounting move towards clean hydrogen, with this centering on alternative fuel for cars in the future.