New Tax Credit Requirements to Limit Qualified Electric Vehicles for Tax Breaks
Beginning April 18, a new set of requirements that qualify certain electric vehicles for tax credits are set to change. Cheddar News reporter Chloe Aiello talks a change in tax code and what Americans purchasing EVs can expect. "The bill also requires eligible vehicles to be assembled in North America, which Reuters reported, eliminates about 70 percent of EVs currently on the market," she said.
Child welfare advocates filed a federal lawsuit Tuesday asking a judge to force the Biden administration to block imports of cocoa harvested by children in West Africa that can end up in America's most popular chocolate desserts and candies.
