In a significant blow to several electric vehicle (EV) manufacturers, various models have lost their eligibility for up to $7,500 in U.S. tax credits. The updated battery sourcing norms have impacted car models from Tesla Inc (NASDAQ:TSLA), Nissan Motor Co Ltd (OTC:NSANY), and General Motors Co (NYSE:GM), among others. What Happened: The U.S. Treasury’s recent guidelines, designed to shift the U.S. electric vehicle supply chain away from China, have caused the count of EV models qualifying for tax credits to plunge from 43 to 13, Bloomberg reported. Among the vehicles still eligible for consum…
