It’s Electric! Tesla Charging to Billions
It’s Electric and Tesla is in. The Biden administration’s credits sets out to target EV battery production and Elon Musk says “Long term we expect the value of these credits to be very significant.”The credits, a key part of the Biden administration’s Inflation Reduction Act, are designed to encourage the manufacturing of certain energy components within the United States, such as solar, wind, and qualifying batteries.For companies who manufacture battery cells, the credit is with $35 per kilow