Today on Critical Materials: Feds introduce two new controversial EV bills, Honda-Nissan merger is officially dead, and Foxconn is here to pick up the scraps.
Tired of politics yet? It's only February, so buckle up. On Today's episode of America, the EV tax credit is once again in the spotlight. Not only are lawmakers looking to end the $7,500 credit for new vehicles, but they're also suggesting repealing the tax credit and adding a $1,000 road tax for EVs with a separate bill. Welcome back to Critical Materials, your daily roundup for all things electric and automotive tech.
Nissan would get financial stability, which is something is so desperately needed since it was still licking its wounds from the Carlos Ghosn saga. Together, the two could become Japan's automotive juggernaut that rivaled Toyota. But that's not happening now. The deal is done, no merger. Kaput. So why did the merger fall apart, exactly? According to Nissan, it called off the $60 billion deal because it couldn't come to a structured agreement.
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