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North America
US IRA EV Tax Credit (30D) | Update
US IRA EV Tax Credit (30D) | Update
Manufacturers face increasingly stringent criteria for mineral and component sourcing to receive tax credits
As thresholds become more stringent over time, automakers will need to source supply for more components that are dominated either by a non-FTA country or by China. The latter would fall under the FEOC rule. Cobalt from DRC, nickel from Indonesia, LFP cathode, graphite anode, and high purity manganese from China are the most profound examples.
Source: US Treasury, CRU Group
Extracted from the PDF; charts and images may read imperfectly.
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