Recent Developments in the Electric Vehicle Sector

The U.S Department of the Treasury and the Internal Revenue Service (IRS) are continuously updating the federal EV tax credit rules, most recently granting more flexibility regarding the sourcing of battery minerals and expanding eligibility for more electric vehicle models These changes, effective immediately, allow automakers until 2027 to comply with rules for sourcing specific hard-to-trace minerals. Meanwhile, Tesla is facing fluctuations with Elon Musk firing the entire Supercharger development team, although it does not affect the maintenance of existing sites Moreover, Tesla's Model 3 and Model Y remain the most popular choices among used electric vehicle buyers In government actions, the U.S. Congress is nearing approval of the 'AM Radio for Every Vehicle Act of 2023,' with significant implications for automakers On the technology front, the robotics team at ETH Zurich has developed an autonomous excavator capable of high-skill tasks without human operators In other news, VW's Electrify America is marking its contrast by being on an expansion spree the same week Tesla reduced its Supercharger staff..