Breaking down Biden’s new EV guidance

On Friday, the Treasury Department released long-anticipated eligibility guidance for the $7,500 electric vehicle tax credit in the Inflation Reduction Act. The rules could have major implications for the fight against climate change, Washington’s rivalry with Beijing, and President Joe Biden’s quest to bring manufacturing jobs back to the United States. POLITICO’s James Bikales breaks down what the rules mean for consumers, automakers and U.S. allies. Plus, EPA approves a Biden-backed California rule that phases out diesel trucks. James Bikales is the host of Morning Energy and a reporter for POLITICO. Josh Siegel is an energy reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Raghu Manavalan is a senior editor for POLITICO audio. Jenny Ament is the executive producer of POLITICO’s audio department.