Inflation Reduction Act mandates escalating battery critical mineral requirements to qualify for EV tax credit
Green Car Congress
AUGUST 9, 2022
The Inflation Reduction Act , which the Senate passed last week, revamps the electric vehicle Federal tax credit of $7,500 ( earlier post ). 80% for a vehicle placed in service after 31 December 2026. 80% for a vehicle placed in service after 31 December 2026. Specifically, the bill requires (Part 4, Sec.
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