This week, we have news on Rivian’s Snow Mode, Tesla Berlin, Audi & ICE, and New EV Tax Credit Rules: Our Top EV News for the week of Dec 23, 2022.
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New Year, New Rules
The United States Treasury Department has announced that it will delay its guidance on battery sourcing requirements for EVs to qualify for federal tax credits. The new requirements, which include a $7,500 credit split into two parts, are set to take effect on January 1, 2023. However, the lack of guidance on battery requirements could create a window in 2023 where EV purchases that may not meet the pending requirements could still qualify for some level of tax credits.
The government has until the end of the year to develop guidance on the battery requirements, but the Treasury Department has stated that it needs until at least March to determine the EV battery requirements. Clear as mud.
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