Targeting China.

A pair of federal guidance documents make it clear electric vehicles consisting of minerals and parts made in China, Russia, North Korea and Iran won't qualify for the full IRA EV tax credit.

Released this morning by the U.S. Treasury and Energy Departments, the guidelines are aimed at curbing Chinese dominance of EV supply chains, boosting U.S. manufacturing and easing concerns of allies.

Amena H. Saiyid

Washington D.C. Correspondent