News: US Senate Democrats last week released a bill that could significantly cut the country’s carbon emissions. One of the key components of the bill is the expansion of electric vehicle tax credits, which are designed to help stimulate the adoption of electric vehicles by providing buyers with a $7,500 credit to purchase an eligible new electric vehicle or $4,000 for used vehicles.
Hitch? For a new car to qualify for the tax credit, its battery and key minerals used in it must come primarily from the US or from countries with which it has free trade agreements.
Why is it important: Currently, most lithium-ion cells for electric vehicle batteries are made in China. The US produces only about 7% of the world’s supply. The legislation is an attempt to encourage companies to build up mining and battery production capacity in the US. While the restrictions could help create a secure U.S. battery supply chain in the long run, some experts aren’t sure how quickly U.S. companies can respond.
big picture: Ambitious EV tax breaks could play a role in boosting domestic battery production and spurring new U.S. supply chains – and are an obvious attempt to slow down China’s battery dominance. But whether these changes will happen quickly enough to keep up with the fast-growing sales of electric vehicles remains an open question. Read the full story.
— Casey Crownhart
I scoured the internet to find the most hilarious/important/scary/exciting tech stories to date.
1 California declared a state of emergency due to an outbreak of monkeypox.
It has more than 800 confirmed cases and is the second state in three days to announce emergency measures. (CNN)
+ The US allowed millions of vaccines that could protect against monkeypox to expire. (New York Times $)
+ India has recorded its first death from monkeypox. (BBC)
2 Amazon’s carbon footprint rose 18% last year.
Despite his attempts to present himself as a green champion. (edge)
+ Just two years ago, he created a $2 billion climate fund.. (Technology Review of the Massachusetts Institute of Technology)
3 What Facebook Friendships Can Teach Us in Fighting Poverty
Poor kids who have richer friends are much more likely to earn more as adults. (New York Times $)
4. Black Mirror did not help the cause of creating brain-computer interfaces.
While this technology could help millions, many people are understandably wary of it. (Wired $)
+ Why facial expressions are the new Xbox controllers. (VP $)
+ Brain implants could be the next computer mouse. (MIT Technology Review)
5 How Roblox reacts to leaving
The leaked documents detail the popular gaming platform’s response to serious moderation issues. (Motherboard)
6. Schools don’t protect children’s sensitive data
Hacks and break-ins can seriously affect their future prospects and employment. (New York Times $)
7 Anti-LGBTQ+ Arab Hate Group Thrives On Twitter
After being removed from Facebook in early July. (The rest of the world)
+ Anti-vaccination Twitter accounts spread misinformation about the food crisis. (The keeper)
+ The company is checking associates of Elon Musk for his deal to acquire it.. (VP $)
eight Electric cars are too quiet 🚙
But settling on a sound that doesn’t drive us all crazy is surprisingly difficult. (New Yorker $)
+ Their introduction means gas stations are ready to move on to… something else. (Protocol)
9 How Daters Ended Up In A Long-Term Relationship With Tinder 📱
After ten years of using the app, some users feel that partnering with them is as far away as ever. (slice)
Quote of the Day
“You’re already chasing your tail if you’re going to wait for a case to come to light.”
says Dr. Yvonne Maldonado, professor at the Stanford School of Medicine. Dark that because U.S. public health agencies do not routinely test sewage for polio, the virus likely spread before a man in Rockland County sought medical attention in June.