The sourcing of materials and batteries for EVs is a major part of the federal tax credits of up to $7,500 for consumers under the Inflation Reduction Act.
The Treasury Department is delaying plans to issue proposed guidance for the sourcing of EV batteries for federal tax incentives under the Inflation Reduction Act from.
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on Thursday, May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan.The Treasury Department is delaying plans to issue proposed guidance for the sourcing of electric vehicle batteries for federal tax incentives from the end of this month to March.
that it will issue the "anticipated direction of the critical mineral and battery component requirements" by the end of this month, and that nothing will take effect until the proposed guidance is issued in March.
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