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. It will also jeopardize our collective target of 40-50 percent electric vehicle sales by 2030.
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