If the energy transition were a product, it would have “Mostly made in China” stamped on the casing. This doesn’t make it an easy sell in the US, so the Department of Energy has just done its part to finesse the pitch.

Long-awaited guidance on eligibility for electric vehicle federal tax credits, as it pertains to country of origin, has arrived. To recap, the expansion of EV credits under the Inflation Reduction Act was conditioned on the sourcing of a rising proportion of battery components from the US and critical minerals from the US or free-trade agreement partners. In addition, inputs from so-called “foreign entities of concern,” or FEOCs, would render such vehicles ineligible for credits, making them less competitive.

QOSHE - You Don’t Get ‘Made in USA’ EVs Without China - Liam Denning
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You Don’t Get ‘Made in USA’ EVs Without China

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04.12.2023

If the energy transition were a product, it would have “Mostly made in China” stamped on the casing. This doesn’t make it an easy sell in the US, so the Department of Energy has just........

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