Friday, January 19, 2024

Automakers ask Treasury for leniency in EV tax credit's battery sourcing rules

In public comments submitted Thursday, the Alliance for Automotive Innovation urged the Treasury to make permanent certain leeways aimed at easing the industry's compliance with an Inflation Reduction Act provision that blocks an up-to-$7,500 consumer incentive for new EVs that contain battery materials from foreign adversaries such as China.



from Section Page News - Automotive News https://ift.tt/Rwzjqv2

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