Treasury Delays Key Guidance For EV Tax Credit Mineral Sourcing Criteria

The Treasury Department is delaying by three months a rule governing eligibility requirements for the Inflation Reduction Act’s (IRA) $7,500 consumer electric vehicle (EV) tax credit, a move that could briefly allow some vehicles to be eligible for the credit even if they are not expected to meet the law’s critical mineral sourcing criteria. The announcement comes as Treasury officials are racing to issue guidance for a host of new and expanded clean energy tax credits in the IRA, including...