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What Biden Admin's new EV tax credit means for automakers

Yahoo Finance and Josh Lipton

The Biden Administration has officially finalized its tax credit rules for electric vehicles (EVs). One of the provisions outlined in the new rules is a restriction on sourcing critical minerals used in EV batteries from "foreign entities of concern," meaning countries like China.

Yahoo Finance's Pras Subramanian sheds light on the implications of this rule for automakers moving forward.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance.

This post was written by Angel Smith