Last week, the Biden Administration announced new electric vehicle tax credit guidelines, causing U.S. automakers to re-evaluate which models will qualify for the government's $7,500 incentive in 2024. In its revisions, the White House tightened domestic sourcing requirements within the Inflation Reduction Act (IRA), which prevents EVs from qualifying for the full federal rebate if a certain percentage of their components or raw materials are produced by a "foreign entity of concern," namely China, Russia, Iran and North Korea. The updated guidelines will also prevent U.S. automakers from relying solely on technology licensed from businesses located in one of the aforementioned...