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DOE rules on foreign content could cut tax credit on some EVs

By greencarreports.com 12/04/2023 - 15:05 12/04/2023 Greencarreports

Green Car Reports
The Department of Energy (DOE) on Friday issued proposed guidance on foreign battery content in EVs that could cut the federal tax credit for some models. But it also provides a clearer picture for automakers and battery suppliers. Starting Jan. 1, EVs are ineligible for the federal tax credit of up to $7,500 if they have key battery components… Read more…