Two-thirds of new cars will be EVs in nine years? That will not happen.
By George F. Will WASHINGTON — Because multiple subsidies seem insufficient to lure multitudes into buying electric vehicles, President Biden is resorting to a labyrinthine industrial policy to supply what people are not demanding. A purchaser of an EV is eligible for tax credits of up to $7,500, if: If final assembly of the vehicle occurred in North America. And if a minimum of 40 percent (80 percent by 2027) of the minerals in the battery, and 50 percent (100 percent by 2029) percent of the vehicle's components come from the United States or a country with which it has a "free ...