Carcoach Reports host Lauren Fix compares the costs between owning and operating electric vehicles versus gas-powered vehicles. Under new rules, consumers can get $7,500 tax credits on certain eligible cars. Most manufacturers aren’t eligible, and only certain vehicles from the applicable manufacturers are eligible. China wants to ban the export of rare earth minerals to the US, which would both stifle the US’ ability to domestically manufacture car batteries as well as give China a crucial advantage in the manufacturing of vehicles. China wants to control the auto manufacturing industry. China wants to control the auto manufacturing industry. Child labor is used to mine the rare earth materials for electric car batteries. Listen to the full interview in the first hour.
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