Final EV Tax Rules Codify Transition For Hard-To-Trace Battery Materials

The Biden administration’s final tax credit eligibility rules for new and used electric vehicles (EV) include more flexibility on hard-to-trace battery materials such as graphite, but also new ways material suppliers can be deemed a “foreign entity of concern” (FEOC), precluding eligibility for the incentives. The final regulations released May 3 broadly codify requirements affecting both EV and battery manufacturers in ways that administration officials say will both provide certainty to the sector and lock in transition periods for fully...