By Luc Olinga The Biden administration wants to promote the adoption of electric vehicles by extending the current Federal tax credits. The Biden administration wants to promote the adoption of electric vehicles by extending the current Federal tax credits. Electric vehicles are still a luxury for the vast majority of consumers. Their price has increased further in recent months, due to continued disruptions in supply chains and soaring prices for raw materials such as nickel, cobalt and others, which are needed to develop the battery, the key element to battery-powered vehicles (BEV). Democra…