America unveils tougher tax credit rules for electric cars

On Friday, the US Treasury unveiled stricter tax rules for electric vehicles.

America unveils tougher tax credit rules

The US Treasury Department on Friday unveiled tougher tax rules for electric vehicles that would reduce or reduce tax breaks on some zero-emissions models but give buyers two more weeks before the new requirements take effect.

America unveils stricter tax credit rules for electric vehicles

  • The rules also aim to wean the United States from dependence on China for electric vehicle battery supply chains and are part of President Joe Biden's efforts to achieve 50% of new car sales in the United States by 2030, EVs or plug-in hybrids.

  • While EV battery sourcing guidance released Friday triggers new requirements for critical metals and batteries.


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