in the U.S., it will take years for those efforts to pay off. The minerals and components needed for batteries are simply not yet made in large quantities in the U.S.for the full $7,500 credit will not be able to meet the new sourcing standards, and will have their credit cut in half or eliminated.
John Bozzella, the head of the auto manufacturer's trade group the Alliance for Automotive Innovation, says he expects some vehicles will at least qualify for a partial $3,750 tax credit. Manchin has publicly expressed frustration with the Biden administration's implementation of the EV tax credits, including the fact that the credits have been available for the last three months without the government enforcing the battery sourcing requirements.
Before the release of the requirements, Manchin had told reporters he was willing to go to court if Treasury attempted to"liberalize" the rules with more relaxed standards than the law had intended.
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Manchin threatens to sue US Treasury over EV tax credit rulesSenate Energy Committee Chair Joe Manchin said on Wednesday he may go to court after the U.S. Treasury releases guidance later this week on battery sourcing guidance for electric vehicle tax credits. Sen_JoeManchin made his bed now lay in it. 7 Richest women in the world in 2023 with pics Wait in line like the rest of the USA citizens do. We got bigger fish to fry, Mr. Manchin.
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