• U.S. battery sourcing guidelines to cut some EV tax credits — official

    WASHINGTON, March 29 (Reuters) – The long-awaited guidance from the US Treasury Department regarding battery procurement requirements for electric vehicle tax credits expected by Friday will result in fewer vehicles receiving full or partial credits, a US official told Reuters. In December, the Treasury Department decided not to release its proposed battery procurement guidelines until […]

  • US and Japan sign trade deal on battery minerals for electric vehicles

    WASHINGTON, March 28 (Reuters) – The United States and Japan on Tuesday announced a trade deal on battery minerals for electric vehicles that is essential to strengthening their battery supply chains and giving Japanese automakers wider access to a new $7,500 US EV tax credit. The swiftly negotiated agreement prohibits the two countries from imposing […]

  • Tesla scales back German battery plans won by US incentives

    BERLIN, Feb. 21 (Reuters) – Tesla (TSLA.O) has begun assembling battery systems at its factory in Germany, but will focus on cell production in the United States in light of tax breaks under the Inflation Reduction Act (IRA). ), a spokesperson said on Wednesday. The US electric vehicle maker is also preparing to produce cell […]