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US details final requirements for EV tax credits under IRA
President Joe Biden’s Inflation Reduction Act is one step closer to finalization /GM
The US Treasury Department has issued guidance for the electric vehicle (EV) tax credits under the famous Inflation Reduction Act (IRA). Though the final draft doesn’t bring in surprise requirements, the declaration has been awaited as it outlines how the eligibility for the second half, applying to battery component sourcing and critical minerals, is calculated.
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