The EU is set to continue its probe into Chinese electric vehicles, with progress expected by the summer break, according to Politico. The Biden administration has released formal regulations for the consumer EV credit, including criteria for sourcing battery minerals. The US Treasury Department is allowing automakers more flexibility to phase out Chinese graphite and other critical minerals from EV supply chains to qualify for tax credits. The US has delayed the ban on Chinese graphite for EV tax credits, as reported by Nikkei. The final regulations for the $7,500 EV tax credit have been released by the US Treasury, maintaining exclusions for foreign entities of concern.
US Treasury Releases Final Regulations for $7,500 EV Tax Credit, Maintains Exclusions for Foreign Entities of Concern https://t.co/q8o0AqUIwp #Tax #EV #Regulations @KattenLaw https://t.co/cS7amuGwWV
US DELAYS BAN ON CHINESE GRAPHITE FOR EV TAX CREDITS - NIKKEI
The @USTreasury Dept is giving automakers more flexibility to phase graphite and other trace critical minerals sourced from China out of battery supply chains for vehicles qualifying for EV tax credit https://t.co/VNvQpRF4xj
The Biden administration released the formal regulation for the consumer EV credit today along with a final criteria for sourcing battery minerals. One big surprise: Graphite used in anodes would be considered "impracticable-to-trace" until 2027. https://t.co/jLmJOttHeK
EU PROBE INTO CHINESE EVS TO PROGRESS BY SUMMER BREAK: POLITICO