How Biden’s EV tax credit rules could stall his climate goals

The Biden administration released long-awaited guidance on Friday for the electric vehicle tax credit that aims to clamp down on Chinese imports, but it also likely reduces the number of cars that can qualify. POLITICO’s James Bikales breaks down the new rules and how they pose a potential risk to Biden’s EV adoption goals. Plus, the mood at the United Nations climate summit darkened significantly on Friday as news broke that the week-old truce between Israel and Hamas was collapsing. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Catherine Morehouse is an energy reporter for POLITICO and the host of the POLITICO Energy podcast. James Bikales is the host of Morning Energy and a reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Alex Keeney is a senior audio producer at POLITICO. Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO.