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Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto

Baua Electric

Treasury has temporarily exempted graphite and other trace critical minerals from new strict rules barring materials from China and other countries deemed a Foreign Entity of Concern (FEOC), including North Korea, Russia and Iran. ” The new rules, required under an August 2022 law, are designed to wean the U.S.

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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

In this article, we’ll examine some of the new changes to the federal clean vehicle tax credit , how they are affecting vehicle and driver eligibility, and what that means for drivers looking to purchase their first electric vehicle. In addition, battery sourcing requirements can also affect a vehicle’s eligibility. or a trade partner.

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Lawmakers want US to probe four Chinese firms involved in Ford battery plant – ET Auto

Baua Electric

The lawmakers separately wrote the Treasury and State Departments asking them to investigate possible sanctions evasion activity by one of the Chinese companies that they said will be providing IT tools for the Michigan battery plant that has ties to North Korea.

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