Why Biden’s EV tax credit has a China problem

The Biden administration is expected to release a final EV tax credit rule tomorrow that gives automakers a temporary grace period to keep buying graphite, a key battery component, from Chinese companies. The anticipated regulation highlights the difficult balancing act for President Joe Biden as he looks to achieve his EV adoption goals and counter China. POLITICO’s James Bikales breaks down the impact of this rule and the broader political dynamics. Plus, the U.S. Court of Appeals for the 9th Circuit ordered a lower court judge to end a climate change lawsuit filed against the federal government by young people for the second time.   For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro:  https://subscriber.politicopro.com/newsletter-archive/morning-energy   James Bikales is the host of Morning Energy and a reporter for POLITICO.  Catherine Morehouse is an energy reporter for POLITICO.  Nirmal Mulaikal is a POLITICO audio host-producer.  Annie Rees is a senior audio producer-host at POLITICO.  Gloria Gonzalez is the deputy energy editor for POLITICO.  Matt Daily is the energy editor for POLITICO.