Starting in 2025, battery minerals cannot come from a “foreign entity of concern,” mainly China and Russia. (That threshold will eventually go to 80%.)Īnd 50% of the battery parts will have to be made or assembled in North America, eventually rising to 100%.
free trade agreement or be recycled in North America. Forty percent of battery minerals will have to come from North America or a country with a U.S.
Starting in March, complex provisions will also govern battery components. In addition, caps on vehicle prices and buyer incomes are intended to disqualify wealthier buyers. What's known so far is that to qualify for the credit, new EVs must be made in North America. Ohio Woman Kills 3 Family Members Before Turning Gun on Herself, Police Sayīut the question of which vehicles and buyers will qualify for the credits is complicated and will remain uncertain until Treasury issues the proposed rules in March.
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