Vehicles were set to become ineligible for the tax credit in 2025 if their batteries contained Chinese-sourced graphite. The new rules delay that requirement.
The U.S. government has delayed implementing even-stricter sourcing requirements for EVs to qualify for the $7500 federal clean vehicle tax credit, the Wall Street Journal reported Friday. The government had planned to bar any EV with China-sourced graphite in the battery pack from receiving the credit beginning in 2025. But the final rules delay that requirement until 2027 in recognition of the fact that much of the world's graphite comes from China, graphite tracing is hard and U.S.
is trying to build up its homegrown supply chain to compete with China's. China is the largest EV market in the world and is perceived by experts to have the most developed localized supply chain. For strategic reasons, the U.S. does not want to be dependent on what its official National Security Strategy document calls its 'pacing threat' and main peer competitor, China. Yet, it appears too early to completely decouple the EV supply chains.
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