President Biden’s Inflation Reduction Act calls for at least 50% of an electric vehicle’s battery to be made in the U.S. to qualify for a federal discount. WSJ’s George Downs breaks down a battery to explain why that’s going to be a challenge. Illustration: George Downs California on Thursday is set to approve regulations banning the sale of new gasoline-powered cars and trucks by 2035, an action aimed at addressing climate change that could speed the nation’s transition to electric vehicles. The aggressive target was a contentious topic when Democratic Gov. Gavin Newsom first announced it through an executive order two years ago , after the Trump administration had moved to strip California of its unique ability to set higher air pollution-related standards than those set by the federal government. The actual regulations by the California Air Resources Board to gradually phase out internal-combustion vehicles encountered less formal opposition […]