EV makers have a year to reconcile the critical minerals gap. Clean car tax updates pose a challenge for the industry in the U.S.
by AnnaBishop1138
EV makers have a year to reconcile the critical minerals gap. Clean car tax updates pose a challenge for the industry in the U.S.
by AnnaBishop1138
2 comments
>Starting in 2024, to qualify for tax credits that could make a real dent in the cost of manufacturing EVs, the cars can’t include battery components manufactured or assembled by a “foreign entity of concern,” i.e. companies with more than 25% ownership in places like China and Russia. And in 2025, vehicles can’t contain critical minerals extracted, processed, or recycled by FEOCs.
Get busy.