approved by the Biden administration Room to qualify for electric vehicle (EV) tax credits — Allowing the use of some foreign minerals for an additional two years.
© Jim Lo Scalzo/EPA/Bloomberg via Getty Images
The rule relates to a provision in the Inflation Control Act that disqualifies cars if battery minerals come from China, Russia, Iran or North Korea.
The final rule issued Friday strengthens what was previously proposed. 2 year carve out For certain minerals whose origin is difficult to trace.
Also Expanded provisions – added graphite – A mineral that can make up a significant portion of EV batteries, often sourced from China.
The move drew cheers from the auto industry for accelerating the adoption of electric vehicles and giving companies more time to shore up their supply chains.
But critics, including Sen. Joe Manchin (D-Va.), argue that the rule circumvents provisions in the law aimed at reducing dependence on foreign powers like China. ing.
See the full report for more details. zahir.com.
Welcome to The Hills energy and environment Newsletter, we’re Rachel Frazin and Zack Budryk — stay up to date with our newsletter Policies impacting everything from oil and gas to new supply chains.
