EV, Mining Interests Renew Push To Include Material Costs In Key Tax Credit

The electric vehicle (EV) and mining sectors are intensifying calls for the Treasury Department to revise its proposal for implementing a tax credit for manufacturing battery components and other items to ensure eligibility of costs for certain “materials” and extraction, as groups begin to lay out suggestions for how Treasury might do so. The push comes ahead of a Feb. 13 deadline for groups to comment on proposed IRS rules for implementing the Inflation Reduction Act’s (IRA) “section 45X” advanced...