U.S., EU Begin Critical Minerals Talks To Meet IRA’s EV Tax Credit Criteria

The Biden administration and European Union officials are launching negotiations on a trade agreement to provide European industry with access to revamped electric vehicle (EV) tax credits in the U.S., amid EU officials’ fears that the Inflation Reduction Act’s (IRA) domestic-content eligibility criteria might stymie such access. “[W]e intend to immediately begin negotiations on a targeted critical minerals agreement for the purpose of enabling relevant critical minerals extracted or processed in the European Union to count toward requirements for clean...