The EV tax credit change follows Tesla CEO Elon Musk publicly criticizing the former standards as well as GM and Ford lobbying to adjust the guidelines.
Jim Cramer said strong earnings from companies including Tesla and United Rentals drove Thursday’s rally.
The European Union is still not completely satisfied with recent concessions from Washington on its historic set of green energy subsidies.
Officials are discussing “several possible options” to correct what South Korea believes to be unfair policies, ambassador Cho Tae-yong said.
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