In an odd twist of events, the government is letting automakers decide whether their vehicles meet the requirements set out by the Treasury. As part of the Inflation Reduction Act, certain EVs now qualify for a $7,500 tax credit if they meet a specific set of standards.
The Treasury was responsible for setting these standards but missed the original 1 January 2023 deadline. Naturally, the collective industry assumed the feds were working on stringent guidelines to cut the USA's reliance on China for electric vehicle batteries.
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