Auto Sector Presses IRS For Flexibility On Revised EV Credit Criteria

November 4, 2022
Automakers are pressing the Treasury Department to clarify eligibility criteria for recently overhauled electric vehicle (EV) tax credits in order to maximize the ability to qualify for the incentives, even as observers downplay the chances that foreign producers could win a broader grace period from new requirements that final assembly occur in North America. The calls respond to an Oct. 6 IRS comment request on implementation of the revised EV tax credits included in this summer’s climate law, known as...

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