Treasury, DOE Float Rules Limiting EV Materials From Foreign Adversaries

The Department of Treasury is releasing long-awaited proposed rules for determining when sourcing critical minerals or related components from “foreign entities of concern” (FEOC) precludes electric vehicles’ (EV) eligibility for lucrative Inflation Reduction Act (IRA) consumer clean vehicle tax credits. Additionally, the Department of Energy (DOE) in a related move is floating proposed definitions of such entities that are relevant to eligibility for the department’s grants for domestic battery manufacturing, under the 2021 infrastructure law. Both documents are scheduled to...