EV Maker Challenges Exclusion Of Low-Speed Vehicles From IRA Credits

A manufacturer of low-speed electric vehicles (EVs) is filing legal challenges to the Treasury Department’s rule implementing the Inflation Reduction Act’s (IRA) clean vehicle tax credits, as well as a decades-old Clean Air Act regulation the firm argues Treasury used to improperly exclude such low-speed vehicles from credit eligibility. The litigation in two different federal courts by EV maker Waev appears to be the first legal challenge to Treasury’s implementation rules for the vehicle credit. However, the company’s claim that...