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Automakers warn most electric vehicles won't qualify for federal tax credit

Automakers warn most electric vehicles won’t qualify for federal tax credit

But the auto industry warns that the vast majority of electric vehicle purchases will not qualify for such a large tax credit. This is primarily due to the bill’s requirement that, to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent. …

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OPEC

Lackluster OPEC quota hike won’t solve tight oil market | OilPrice.com

Yesterday, OPEC and its Russian-led partners agreed to increase their combined oil production by 100,000 bpd in September. Reports note that the decision follows calls from the United States and other big consumers for more oil. However, an additional 100,000 barrels per day is unlikely to be enough to drive prices down much further. The …

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