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EV materials from Japan may be tax-credit-eligible with trade pact

Green Car Reports

A trade pact could make EVs with battery materials sourced from Japan eligible for federal tax credits, the Japan Times reported Tuesday. The Inflation Reduction Act (IRA) requires major battery components and critical minerals to be sourced from countries with which the U.S.

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Japan, South Korean leaders push for US EV tax credit rule changes

Electrek

South Korean officials and leaders from Japan are expressing concerns over the new US EV tax credit requirements that kick in at the end of the year. New reports are surfacing that Japan and South Korea will request flexibility in the rule changes.

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US and Japan make trade deal for battery minerals ahead of IRS decision

Electrek

The United States and Japan have struck a trade deal for battery minerals, according to Reuters. This deal could potentially allow Japanese electric cars greater access to US EV tax credits in the Inflation Reduction Act.

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Nissan Unveils Ariya Nismo for Japan

The Truth About Cars

Nissan’s changing that for 2024 – at least in Japan – with the new Ariya Nismo. It’s also ineligible for federal EV tax credits, making it a hard sell against cheaper competitors like the Tesla Model Y and others. The Ariya arrived later than Nissan wanted, but it’s good enough to warrant a look from EV buyers.

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EV tax credit score rules will have to be adopted, Manchin tells Treasury

Baua Electric

“My comment is simple: Follow the law,” he wrote in an 11-page letter to Treasury, explaining that the tax credit score’s objective is “no longer to promote the purchase and use of [EVs] … but to promote reliable domestic supply chains for the critical minerals and battery components” had to energy them.

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Ansys releases pre-lockdown global survey on vehicle electrification

Green Car Congress

US respondents are most likely to buy an EV if the government offers a federal/state tax credit. Most other countries were split as well, with the exception of China and India, where 65% and 77% of respective respondents would still purchase an EV without a tax credit.

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Subaru To Launch Four New Electric Crossovers By End Of 2026

InsideEVs

The EVs are expected to be offered in the US but they will be made in Japan, so it's unlikely they will be eligible for US tax credits.