Home » Energy » US Will Keep Full $7500 EV Tax Credit for Made in China Batteries
The US Inflation reduction Act tax credits were going to be cut in half starting Jan 1, 2024 if the batteries did not have materials from US and US allied countries. This will requirement to shift battery materials out of China will be delayed. The final details and timing have yet to be decided.
BIG NEWS: The Biden administration is discussing granting automakers a temporary reprieve from new rules poised to limit a consumer tax credit for EVs that contain certain materials from foreign adversaries.
Administration officials have discussed phasing in enforcement for the…
— Sawyer Merritt (@SawyerMerritt) November 29, 2023
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