US Electric Vehicle (EV) Tax Credits Signal New Era for Automotive Policy
Frost & Sullivan
MAY 15, 2023
Under guidance released in April by the US Department of Treasury following the Inflation Reduction Act, effective April 18, 2023, only EVs that fulfill specific mineral sourcing and battery pack content requirements will qualify for tax credits. 1] In Japan, new car sales slumped in 2022 to their lowest-ever total since 1977. [2]
Let's personalize your content