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Real-time News
July 4th, the U.S. Congress approved comprehensive tax and budget legislation on Thursday, which means that the $7,500 tax credit for buying or leasing a new electric vehicle will end on September 30, as will the $4,000 credit for used electric vehicles. These tax credits have benefited electric vehicle sales in recent years. The U.S. Congress first approved the $7,500 electric vehicle tax credit in 2008 and phased it out after automakers produced 200,000 electric vehicles. In 2022, the incentive was expanded to leased vehicles and the cap on each manufacturer was removed. Dan Levy, an auto analyst at Barclays Bank, said that phasing out the tax credit in less than three months means that electric vehicle sales will jump sharply through "pre-purchase" and then fall sharply in the following months.On July 4, a spokesperson for the Ministry of Foreign Affairs of North Korea made a statement on July 3, local time. The statement said that the United States recently took the opportunity of the "Quadrilateral Security Dialogue" Foreign Ministers Meeting to once again carry out serious political provocations, deny North Koreas legitimate sovereignty, and reiterate "denuclearization". The United States hegemonic behavior of relying on a minority of xenophobic groups to interfere in the internal affairs of independent sovereign countries, incite camp confrontation, and cause instability in international relations is a major dangerous factor hindering regional and world peace and security. The Ministry of Foreign Affairs of North Korea strongly condemns and opposes the United States brutal infringement on North Koreas dignity and rights, as well as its hostile consciousness towards North Korea, and expresses serious concern about the adverse consequences that this move will lead to.Barclays: We forecast that U.S. oil demand will grow by 130,000 barrels per day this year, 100,000 barrels per day higher than previous estimates.US President Trump: Iran wants dialogue.Boeing (BA.N) has been awarded a $2.8 billion contract to enhance U.S. strategic satellite communications capabilities and expects to deliver the first of two space vehicles by 2031.
