Biden's Visit to Ottawa: Tax Credits, Laughter, and Memorable Moments.

President Biden received applause from Canadian Parliament after mentioning that Canadian-assembled electric vehicles are eligible for U.S. tax credits under the Inflation Reduction Act, which invested over $13 billion into electric vehicle initiatives. The legislation does not explicitly say that the electric vehicles need to be made in Canada, but rather anywhere in North America. To be eligible for the tax credit, the vehicle must have undergone final assembly in the U.S., Canada or Mexico. Biden's remarks come as many Americans are split on whether to use gas-powered or electric vehicles.