The Biden administration finalized guardrails for its electric vehicle tax credit on Friday that keep President Joe Biden’s EV adoption goals in sight but are likely to draw challenges from ...
The U.S. Treasury Department and Internal Revenue Service (IRS) have released final rules on the clean vehicle provisions of the Inflation Reduction Act (IRA) that are designed to lower electric ...
The Biden administration is giving automakers some leeway on certain strict rules regarding qualification for a $7,500 government tax credit. The final guidelines, which have been released ...
But the regulations angered mining companies and Democratic Sen. Joe Manchin of West Virginia, who said they provided a loophole for Chinese companies to benefit from the electric vehicle incentives.
The Biden administration is giving automakers a little leeway around some of the strict rules regarding eligibility for the government’s $7,500 tax credit. The final guidance, which was released ...
The Biden administration issued final rules Friday to crack down on Chinese parts and materials in electric vehicle supply chains, while also providing a reprieve for car manufacturers that rely ...
Vehicles were set to become ineligible for the tax credit in 2025 if their batteries contained Chinese-sourced graphite. The new rules delay that requirement. Mack Hogan ...
New rules from the Treasury Department will make it harder for vehicles to qualify for the full federal electric vehicle tax credit of $7,500 if key components are sourced from China. But the ...
The Biden Administration has officially finalized its tax credit rules for electric vehicles (EVs). One of the provisions outlined in the new rules is a restriction on sourcing critical minerals ...
Centrist Democrat Sen. Joe Manchin (W.Va.) is blasting the Biden administration’s new interpretation of which vehicles can qualify for electric vehicle tax credits — saying it gives too much ...