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Inflation Reduction Act mandates escalating battery critical mineral requirements to qualify for EV tax credit

Green Car Congress

The Inflation Reduction Act , which the Senate passed last week, revamps the electric vehicle Federal tax credit of $7,500 ( earlier post ). Among the changes are an extension of the tax credit through 2032, the removal of the unit-sales cap of 200,000 per OEM, and a new mandate for qualified cars being assembled in North America.

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US battery guidance might slash IRA EV Tax credits

Teslarati

The United States Department of Treasury’s battery sourcing guidance might slash EV Tax credits from the Inflation Reduction Act (IRA). The Treasury will release the battery guidance for the IRA EV tax credits this Friday, April 1, 2023. The battery guidance on sourcing minerals will increase by 10% annually.

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DOE awards $98M in tax credits to automakers and suppliers for clean technology manufacturing

Green Car Congress

The US Department of Energy (DOE) announced $150 million in clean energy tax credits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. Funded at $2.3 Funded at $2.3 Lead organization. Description.

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Ionic Mineral Technologies debuts halloysite-derived nano-silicon anode material Ionisil

Green Car Congress

Converts the silicon oxide powder to silicon metal powder, maintaining its nano structure. The IRA’s EV tax credits hinge on domestically produced battery minerals, a largely non-existent supply chain. Precipitated alumina gel is also created as a critical mineral byproduct.

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Converting Coal Power Plants to Nuclear Gains Steam

Cars That Think

Department of Energy (DOE) released a report suggesting that, in theory, over 300 former and present coal power plants could be converted to nuclear. In neighboring Montana, state legislators recently approved a study for converting one coal plant to nuclear. On 13 September, the U.S.

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VinFast To Give Buyers $7,500 Discount If Federal Tax Credit Denied

InsideEVs

VinFast reservation holders will first have to convert their non-binding $200 preorder to a written binding contract.

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US DOE releases 2023 Critical Materials Assessment to evaluate supply chain security for clean energy technologies

Green Car Congress

In addition to informing crosscutting DOE priorities including the Critical Materials Research, Development, Demonstration, and Commercialization Application Program (RDD&CA), the DOE Critical Materials List will inform eligibility for tax credits under the Inflation Reduction Act 48C.

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