Biden’s EV Tax Credit Rules Leave Automakers in the Dark, Again

April 3, 2023, 3:24 PM UTC

Automakers have been waiting for the US Treasury Department to help them figure out which of their cars are eligible for lucrative electric-vehicle tax credits. The Treasury’s response: Keep waiting.

The department released new rules on Friday codifying many, but not all, of the qualifications needed for consumers to claim as much as $7,500 per vehicle. These include some provisions on sourcing critical minerals for batteries and other components that are still incomplete.

That leaves automakers and dealers with a suite of cars that are only eligible for purchase incentives until the new rules take effect April 18, and a ...

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