Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto
Baua Electric
MAY 3, 2024
Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax credits on some crucial trace minerals from China, such as graphite. 1 restricting Chinese content in batteries eligible for EV tax credits of up to USD 7,500, which sharply cut the number of eligible vehicles.
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