Baua Electric

MAY 3, 2024

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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Tax Credit Tax Chinese Auto 52

Green Car Congress

JUNE 19, 2012

The Sea of Japan (called the East Sea by South Korea) is bordered by Japan, North Korea, Russia and South Korea. Japan’s domestic oil reserves are concentrated primarily along the western coastline (Sea of Japan).

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Japan Oil 2013 South Korea 239

CleanTechnica EVs

MAY 3, 2024

Department of Energy (DOE) finalized its guidance interpreting the statutory definition of “foreign entity of concern” (FEOC) in Section 40207 of the Bipartisan. Today, the U.S. continued] The post U.S. DOE Releases Final Interpretive Guidance on the Definition of Foreign Entity of Concern appeared first on CleanTechnica.

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Tax Credit Washington Tax Clean 97

Teslarati

DECEMBER 12, 2023

It will encourage these industries to invest in diversified and resilient critical mineral and battery supply chains,” said John Podesta, White House Renewable Energy Adviser. “The proposed guidance will provide clarity and certainty to the U.S. automakers, battery manufacturers, and producers of critical minerals.

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Tax Credit Tax Tesla North Korea 103

Teslarati

DECEMBER 3, 2023

The Energy Department said that companies would be deemed FEOC if they were owned or controlled by a named foreign government, adding that they’ll be considered ineligible if an entity of concern holds 25 percent or more of the entity’s board seats, equity or voting rights.

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Tax Credit Tax North Korea Iran 110

Baua Electric

JANUARY 2, 2024

The other $3,750 leans on a stipulation that at least 50% of critical mineral content in batteries be North American–sourced (or from countries in which there’s a free-trade agreement in place). 1, as detailed by the Department of Energy just a month ago on Dec. Starting Jan.

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Tax Credit Tax Chevrolet Jeep 52

EV Life

JANUARY 4, 2024

The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. On the other hand, new eligibility requirements have also taken effect, and some EVs didn’t make the cut. In addition, battery sourcing requirements can also affect a vehicle’s eligibility.

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Tax Credit Tax Personal F-150 52