[{"data":1,"prerenderedAt":813},["ShallowReactive",2],{"ticker-data":3,"story-article/what-the-final-30d-ira-tax-credit-rules-mean-for-the-us-auto-industry":540},[4,52,82,112,148,186,228,259,296,328,371,412,450,481,510],{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":8,"today":9,"last":10,"percentageChange":11,"yearToDate":12,"yearOnYear":13,"oneYearIndexTrend":14,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-27","2wk","Updated every 2 weeks","Lithium",411.01,408.51,0.61,75.85,175.57,[15,16,18,21,24,27,30,33,36,39,42,45],{"date":5,"value":9},{"date":17,"value":10},"2026-05-13",{"date":19,"value":20},"2026-04-29",372.51,{"date":22,"value":23},"2026-04-15",354.35,{"date":25,"value":26},"2026-04-01",346.55,{"date":28,"value":29},"2026-03-18",351.32,{"date":31,"value":32},"2026-03-04",346.6,{"date":34,"value":35},"2026-02-18",324,{"date":37,"value":38},"2026-02-04",337.67,{"date":40,"value":41},"2026-01-21",298.32,{"date":43,"value":44},"2026-01-07",233.73,{"date":46,"value":47},"2025-12-24",203.79,"/lithium/prices",null,false,true,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":53,"today":54,"last":55,"percentageChange":56,"yearToDate":57,"yearOnYear":58,"oneYearIndexTrend":59,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Carbonate",449.85,451.12,-0.28,77.12,181.56,[60,61,62,64,66,68,70,72,74,76,78,80],{"date":5,"value":54},{"date":17,"value":55},{"date":19,"value":63},404.38,{"date":22,"value":65},381.25,{"date":25,"value":67},371.52,{"date":28,"value":69},373.01,{"date":31,"value":71},366.63,{"date":34,"value":73},349.17,{"date":37,"value":75},356.81,{"date":40,"value":77},316.73,{"date":43,"value":79},253.98,{"date":46,"value":81},220.12,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":83,"today":84,"last":85,"percentageChange":86,"yearToDate":87,"yearOnYear":88,"oneYearIndexTrend":89,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Hydroxide",358.35,350.28,2.3,76.32,168.94,[90,91,92,94,96,98,100,102,104,106,108,110],{"date":5,"value":84},{"date":17,"value":85},{"date":19,"value":93},328.09,{"date":22,"value":95},316.95,{"date":25,"value":97},311.86,{"date":28,"value":99},321.41,{"date":31,"value":101},319.14,{"date":34,"value":103},295.42,{"date":37,"value":105},310,{"date":40,"value":107},270.4,{"date":43,"value":109},203.24,{"date":46,"value":111},177.17,{"publishedDate":19,"updateFrequency":113,"updateFrequencyText":114,"label":115,"today":116,"last":117,"percentageChange":118,"yearToDate":119,"yearOnYear":120,"oneYearIndexTrend":121,"url":147,"subscription":49,"isProtected":50,"hasAccess":51},"1wk","Updated every week","Cobalt",244.61,252.61,-3.17,3.99,97.72,[122,123,124,127,129,132,133,136,138,141,143,146],{"date":19,"value":116},{"date":25,"value":117},{"date":125,"value":126},"2026-03-25",252.45,{"date":28,"value":128},252.84,{"date":130,"value":131},"2026-03-11",253.48,{"date":31,"value":126},{"date":134,"value":135},"2026-02-25",256.64,{"date":34,"value":137},255.58,{"date":139,"value":140},"2026-02-11",253.31,{"date":37,"value":142},252.26,{"date":144,"value":145},"2026-01-28",241.15,{"date":40,"value":145},"/cobalt/prices",{"publishedDate":149,"updateFrequency":6,"updateFrequencyText":7,"label":150,"today":151,"last":152,"percentageChange":153,"yearToDate":154,"yearOnYear":155,"oneYearIndexTrend":156,"url":185,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-20","Nickel",135.83,133.05,2.09,12.5,30.68,[157,158,160,163,166,168,170,172,174,176,179,182],{"date":149,"value":151},{"date":159,"value":152},"2026-05-06",{"date":161,"value":162},"2026-04-22",125.43,{"date":164,"value":165},"2026-04-08",124.51,{"date":125,"value":167},123.94,{"date":130,"value":169},123.51,{"date":134,"value":171},122.7,{"date":139,"value":173},123.79,{"date":144,"value":175},128.07,{"date":177,"value":178},"2026-01-14",120.74,{"date":180,"value":181},"2025-12-31",104.29,{"date":183,"value":184},"2025-12-17",103.44,"/nickel/prices",{"publishedDate":187,"updateFrequency":188,"updateFrequencyText":188,"label":189,"today":190,"last":191,"percentageChange":192,"yearToDate":193,"yearOnYear":194,"oneYearIndexTrend":195,"url":227,"subscription":49,"isProtected":50,"hasAccess":51},"2026-04-30","monthly","Natural Graphite",82.93,82.39,0.66,1.66,-0.87,[196,197,199,202,205,207,210,212,215,218,221,224],{"date":187,"value":190},{"date":198,"value":191},"2026-03-31",{"date":200,"value":201},"2026-02-27",81.92,{"date":203,"value":204},"2026-01-30",81.69,{"date":180,"value":206},81.58,{"date":208,"value":209},"2025-11-28",81.35,{"date":211,"value":209},"2025-10-31",{"date":213,"value":214},"2025-09-30",81.74,{"date":216,"value":217},"2025-08-29",81.56,{"date":219,"value":220},"2025-07-31",82.47,{"date":222,"value":223},"2025-06-30",83.13,{"date":225,"value":226},"2025-05-30",83.77,"/natural-graphite/prices",{"publishedDate":187,"updateFrequency":188,"updateFrequencyText":188,"label":229,"today":230,"last":231,"percentageChange":232,"yearToDate":233,"yearOnYear":234,"oneYearIndexTrend":235,"url":258,"subscription":49,"isProtected":50,"hasAccess":51},"Anode Coke",84.01,79.79,5.29,12.86,12.75,[236,237,238,240,242,244,246,248,250,252,254,256],{"date":187,"value":230},{"date":198,"value":231},{"date":200,"value":239},75.72,{"date":203,"value":241},74.61,{"date":180,"value":243},74.44,{"date":208,"value":245},76,{"date":211,"value":247},72.75,{"date":213,"value":249},71.92,{"date":216,"value":251},71.46,{"date":219,"value":253},70.35,{"date":222,"value":255},67.35,{"date":225,"value":257},65.78,"/synthetic-graphite/prices",{"publishedDate":260,"updateFrequency":188,"updateFrequencyText":188,"label":261,"today":262,"last":263,"percentageChange":264,"yearToDate":265,"yearOnYear":265,"oneYearIndexTrend":266,"url":295,"subscription":49,"isProtected":50,"hasAccess":51},"2025-11-17","Anode",77.79,77.96,-0.22,-1.93,[267,268,270,272,274,277,280,282,284,287,290,292],{"date":260,"value":262},{"date":269,"value":263},"2025-10-15",{"date":271,"value":263},"2025-09-15",{"date":273,"value":263},"2025-08-15",{"date":275,"value":276},"2025-07-15",77.93,{"date":278,"value":279},"2025-06-16",78.88,{"date":281,"value":279},"2025-05-15",{"date":283,"value":279},"2025-04-15",{"date":285,"value":286},"2025-03-17",79.89,{"date":288,"value":289},"2025-02-17",78.97,{"date":291,"value":289},"2025-01-15",{"date":293,"value":294},"2024-12-16",79.32,"/anode/prices",{"publishedDate":297,"updateFrequency":188,"updateFrequencyText":188,"label":298,"today":299,"last":300,"percentageChange":301,"yearToDate":301,"yearOnYear":302,"oneYearIndexTrend":303,"url":327,"subscription":49,"isProtected":50,"hasAccess":51},"2026-01-15","Cathode",72.79,64.08,13.59,43.38,[304,305,307,309,311,313,315,317,318,320,322,325],{"date":297,"value":299},{"date":306,"value":300},"2025-12-15",{"date":260,"value":308},62.01,{"date":269,"value":310},53.51,{"date":271,"value":312},49.5,{"date":273,"value":314},47.28,{"date":275,"value":316},46.05,{"date":278,"value":316},{"date":281,"value":319},48.08,{"date":283,"value":321},48.92,{"date":323,"value":324},"2025-03-18",52.79,{"date":288,"value":326},50.86,"/cathode/prices",{"publishedDate":329,"updateFrequency":188,"updateFrequencyText":188,"label":330,"today":331,"last":332,"percentageChange":333,"yearToDate":334,"yearOnYear":335,"oneYearIndexTrend":336,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"2025-03-31","Lithium ion Batteries",74.53,71.3,4.53,-1.6,-20.88,[337,338,340,343,346,349,352,355,358,361,364,367],{"date":329,"value":331},{"date":339,"value":332},"2025-02-28",{"date":341,"value":342},"2025-01-31",71.45,{"date":344,"value":345},"2024-12-31",75.74,{"date":347,"value":348},"2024-11-29",76.98,{"date":350,"value":351},"2024-10-31",77.34,{"date":353,"value":354},"2024-09-30",77.43,{"date":356,"value":357},"2024-08-30",80.56,{"date":359,"value":360},"2024-07-31",82.99,{"date":362,"value":363},"2024-06-28",87.2,{"date":365,"value":366},"2024-05-31",90.7,{"date":368,"value":369},"2024-04-30",93.2,"/battery-gigafactory/prices",{"publishedDate":372,"updateFrequency":6,"updateFrequencyText":7,"label":373,"today":374,"last":375,"percentageChange":376,"yearToDate":377,"yearOnYear":378,"oneYearIndexTrend":379,"url":411,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-21","Black Mass",54.15,51.47,5.21,25.5,92.33,[380,381,383,386,389,392,395,398,401,404,406,408],{"date":372,"value":374},{"date":382,"value":375},"2026-05-07",{"date":384,"value":385},"2026-04-23",48.63,{"date":387,"value":388},"2026-04-09",48.6,{"date":390,"value":391},"2026-03-26",47.29,{"date":393,"value":394},"2026-03-12",46.18,{"date":396,"value":397},"2026-02-26",45.8,{"date":399,"value":400},"2026-02-12",47.34,{"date":402,"value":403},"2026-01-29",49.57,{"date":297,"value":405},43.15,{"date":180,"value":407},47.05,{"date":409,"value":410},"2025-12-18",41.51,"/recycling/black-mass-prices",{"publishedDate":413,"updateFrequency":188,"updateFrequencyText":188,"label":414,"today":415,"last":416,"percentageChange":417,"yearToDate":418,"yearOnYear":419,"oneYearIndexTrend":420,"url":449,"subscription":49,"isProtected":50,"hasAccess":51},"2026-03-19","Rare Earths",172.27,182.38,-5.54,20.73,54.49,[421,422,424,427,430,432,435,437,440,443,445,447],{"date":413,"value":415},{"date":423,"value":416},"2026-03-05",{"date":425,"value":426},"2026-02-19",179.86,{"date":428,"value":429},"2026-02-05",155.4,{"date":431,"value":429},"2026-01-22",{"date":433,"value":434},"2026-01-08",145.37,{"date":46,"value":436},142.69,{"date":438,"value":439},"2025-12-11",141.67,{"date":441,"value":442},"2025-11-27",136.29,{"date":211,"value":444},132.15,{"date":213,"value":446},139.82,{"date":216,"value":448},145.27,"/rare-earths/prices",{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":451,"today":452,"last":453,"percentageChange":454,"yearToDate":455,"yearOnYear":456,"oneYearIndexTrend":457,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"LFP",111.93,124.92,-10.4,-2.67,-3.42,[458,459,460,462,464,466,469,471,473,475,477,479],{"date":213,"value":452},{"date":216,"value":453},{"date":219,"value":461},109.9,{"date":222,"value":463},100.47,{"date":225,"value":465},103.62,{"date":467,"value":468},"2025-04-30",109.47,{"date":329,"value":470},115.87,{"date":339,"value":472},117.3,{"date":341,"value":474},114.57,{"date":344,"value":476},115,{"date":347,"value":478},117.82,{"date":350,"value":480},111.9,{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":482,"today":483,"last":484,"percentageChange":485,"yearToDate":486,"yearOnYear":487,"oneYearIndexTrend":488,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"NCM High-Nickel",99.44,96.91,2.61,2.37,-3.84,[489,490,491,493,495,497,499,501,503,505,506,508],{"date":213,"value":483},{"date":216,"value":484},{"date":219,"value":492},97.09,{"date":222,"value":494},94.93,{"date":225,"value":496},97.13,{"date":467,"value":498},97.89,{"date":329,"value":500},101.4,{"date":339,"value":502},93.25,{"date":341,"value":504},98.94,{"date":344,"value":496},{"date":347,"value":507},98.69,{"date":350,"value":509},101.87,{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":511,"today":512,"last":513,"percentageChange":514,"yearToDate":515,"yearOnYear":516,"oneYearIndexTrend":517,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"NCM Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":811,"relatedVideos":812},112469603718544,"acc37457-363f-4ed8-86ea-399968ad5226","What the final 30D IRA tax credit rules mean for the US auto industry","what-the-final-30d-ira-tax-credit-rules-mean-for-the-us-auto-industry","article/what-the-final-30d-ira-tax-credit-rules-mean-for-the-us-auto-industry",{"_uid":547,"date":548,"tags":549,"editor":562,"content":572,"excerpt":789,"featured":51,"reporter":790,"_editable":794,"component":795,"seo_title":543,"categories":796,"visibility":803,"author_company":49,"featured_image":804,"seo_description":789,"author_full_name":49,"author_job_title":49,"formattedDate":809,"formattedArticleDate":810},"758d9cf2-c8d6-4683-9257-a0e4452cae24","2024-05-08 00:00",[550,553,556,559],{"slug":551,"name":552},"china","China",{"slug":554,"name":555},"inflation-reduction-act","Inflation Reduction Act",{"slug":557,"name":558},"usa","USA",{"slug":560,"name":561},"policy","Policy",[563],{"slug":564,"name":565,"content":566},"didi-bostock","Didi Bostock",{"job_title":567,"image":568,"bio":570,"linkedin":571},"Editor - Energy Transition & Economics",{"filename":569},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":573,"content":574},"doc",[575,591,604,609,614,619,624,631,636,641,646,651,656,661,666,671,676,681,686,691,696,701,706,711,720,725,730,735,740,751,756,761,766,771,784],{"type":576,"attrs":577,"content":578},"paragraph",{"textAlign":49},[579,582,589],{"text":580,"type":581},"The US Department of the Treasury has issued its final rules for the 30D clean vehicle tax credit included in the ","text",{"text":555,"type":581,"marks":583},[584],{"type":585,"attrs":586},"link",{"href":587,"uuid":49,"anchor":49,"target":49,"linktype":588},"https://source.benchmarkminerals.com/article/the-inflation-reduction-act-has-created-a-race-to-the-top-qa-with-ruth-gratzke-of-siemens","url",{"text":590,"type":581},". The rules will become effective on 5 July 2024.",{"type":576,"attrs":592,"content":593},{"textAlign":49},[594,596,602],{"text":595,"type":581},"The rules now exempt graphite contained in battery anodes from needing to meet ",{"text":597,"type":581,"marks":598},"Foreign Entity of Concern",[599],{"type":585,"attrs":600},{"href":601,"uuid":49,"anchor":49,"target":49,"linktype":588},"https://source.benchmarkminerals.com/article/why-south-korean-battery-makers-fear-feoc-rules-could-disrupt-their-us-plans",{"text":603,"type":581}," (FEOC) and due diligence rules until 2027.",{"type":576,"attrs":605,"content":606},{"textAlign":49},[607],{"text":608,"type":581},"The Department of Energy also released its guidance on the interpretation of the term FEOC.",{"type":576,"attrs":610,"content":611},{"textAlign":49},[612],{"text":613,"type":581},"“The final rules issued by the US Department of the Treasury for the 30D credit, particularly the FEOC definition, have been long awaited by the industry and allow more concrete plans for the coming wave of sourcing,” Caspar Rawles, chief data officer at Benchmark, said. ",{"type":576,"attrs":615,"content":616},{"textAlign":49},[617],{"text":618,"type":581},"With a clearer definition of FEOC the US battery supply chain can start to finalise its sourcing needs for the coming years.",{"type":576,"attrs":620,"content":621},{"textAlign":49},[622],{"text":623,"type":581},"“However, there still remains a certain amount of uncertainty linked to the final rules for the 45X manufacturing credit, with further clarity needed to finalise eligibility across the value chain,” Rawles added.",{"type":625,"attrs":626,"content":628},"heading",{"level":627,"textAlign":49},4,[629],{"text":630,"type":581},"What is the 30D tax credit?",{"type":576,"attrs":632,"content":633},{"textAlign":49},[634],{"text":635,"type":581},"The 30D New Energy Vehicle tax credit worth up to $7,500 and available to purchasers of electric or fuel cell vehicles.",{"type":576,"attrs":637,"content":638},{"textAlign":49},[639],{"text":640,"type":581},"To be eligible for $3,750 of the tax credit, the applicable percentage of the value of the battery components must be manufactured or assembled in North America.",{"type":576,"attrs":642,"content":643},{"textAlign":49},[644],{"text":645,"type":581},"To be eligible for the other half of the tax credit, the applicable percentage of the value of the critical minerals contained in the battery must be extracted or processed in the US or a country with which the US has a free trade agreement (FTA) or be recycled in North America.",{"type":576,"attrs":647,"content":648},{"textAlign":49},[649],{"text":650,"type":581},"The applicable percentages are as follows:",{"type":576,"attrs":652,"content":653},{"textAlign":49},[654],{"text":655,"type":581},"Source: Benchmark Policy Report",{"type":576,"attrs":657,"content":658},{"textAlign":49},[659],{"text":660,"type":581},"The finalised rules adopt the Traced Qualifying Value test–a method for precisely determining the value of the critical minerals within a battery. The simplified 50% Value Added Test is allowed to be used until 2027.",{"type":625,"attrs":662,"content":663},{"level":627,"textAlign":49},[664],{"text":665,"type":581},"What is the definition of “Foreign Entity of Concern”?",{"type":576,"attrs":667,"content":668},{"textAlign":49},[669],{"text":670,"type":581},"The Department of Energy finalised its definition of the term “Foreign Entity of Concern” in the latest guidance. This term appears in both the Inflation Reduction Act and Bipartisan Infrastructure Law.",{"type":576,"attrs":672,"content":673},{"textAlign":49},[674],{"text":675,"type":581},"Under the DOE’s guidance interpreting this phrase, an entity is considered an FEOC if it is headquartered, incorporated or performing relevant activities in a covered nation, if 25% or more of its voting rights, board seats, or equity interest are held by the government of a covered nation, or if the entity is effectively controlled by a FEOC through a licence or contract with that FEOC.",{"type":576,"attrs":677,"content":678},{"textAlign":49},[679],{"text":680,"type":581},"The list of covered nations are:",{"type":576,"attrs":682,"content":683},{"textAlign":49},[684],{"text":685,"type":581},"Source: Department of Energy, country names as given in the guidance",{"type":625,"attrs":687,"content":688},{"level":627,"textAlign":49},[689],{"text":690,"type":581},"Why does graphite have an exception?",{"type":576,"attrs":692,"content":693},{"textAlign":49},[694],{"text":695,"type":581},"The final regulations state that critical minerals which are “impracticable-to-trace” are to be exempted from the due diligence requirements of the 30D tax credit until January 1 2027.",{"type":576,"attrs":697,"content":698},{"textAlign":49},[699],{"text":700,"type":581},"The graphite contained in a battery anode falls into this category. The government states this is “due to the commingling of natural and synthetic graphite, as well as the difficulty of tracing synthetic graphite fully upstream.”",{"type":576,"attrs":702,"content":703},{"textAlign":49},[704],{"text":705,"type":581},"These materials will also be exempted from complying with FEOC rules. This is significant as Benchmark data shows that 98% of spherical graphite and 97.8% of synthetic graphite anode material is forecast to be produced in China this year.",{"type":576,"attrs":707,"content":708},{"textAlign":49},[709],{"text":710,"type":581},"“If the US Administration had not provided the temporary graphite exception, very few cars would have qualified for the 30D purchase credit in 2025, given China’s dominance,” Bryan Bille, a policy analyst at Benchmark, said.",{"type":576,"attrs":712,"content":713},{"textAlign":49},[714],{"type":715,"attrs":716},"image",{"id":49,"alt":717,"src":718,"title":49,"source":49,"copyright":49,"meta_data":719},"China's share of the graphite anode supply chain","https://a.storyblok.com/f/287943243085208/2acfd71da9/bm-chinas-share-of-graphite-anode-supply-chain.png",{},{"type":576,"attrs":721,"content":722},{"textAlign":49},[723],{"text":724,"type":581},"The full list of impracticable-to-trace battery materials are:",{"type":576,"attrs":726,"content":727},{"textAlign":49},[728],{"text":729,"type":581},"“Exemptions until 2027 for ‘impracticable-to-trace battery materials’ will be welcomed by some, especially around graphite sourcing and the anode supply chain as this was proving to be one of the most challenging parts of the requirement, with 98% of natural graphite spheronisation occurring in China in 2024,” Rawles said.",{"type":576,"attrs":731,"content":732},{"textAlign":49},[733],{"text":734,"type":581},"A manufacturer intending to make use of the exemption must provide a report demonstrating how they will comply with the FEOC rules once the transition rule is no longer in effect.",{"type":625,"attrs":736,"content":737},{"level":627,"textAlign":49},[738],{"text":739,"type":581},"What has the response been?",{"type":576,"attrs":741,"content":742},{"textAlign":49},[743,749],{"text":744,"type":581,"marks":745},"Joe Manchin",[746],{"type":585,"attrs":747},{"href":748,"uuid":49,"anchor":49,"target":49,"linktype":588},"https://source.benchmarkminerals.com/article/joe-manchin-says-treasury-guidance-waters-down-inflation-reduction-act",{"text":750,"type":581},", a Democratic senator instrumental in the IRA initially getting passed, criticised the final guidance of the 30D tax credits.",{"type":576,"attrs":752,"content":753},{"textAlign":49},[754],{"text":755,"type":581},"“But with this final rule for the consumer credit, their [the Administration’s] creation of loopholes in the commercial vehicle credit, and their EPA tailpipe rules, the Administration is effectively endorsing ‘Made in China.’,” he said in a statement.",{"type":576,"attrs":757,"content":758},{"textAlign":49},[759],{"text":760,"type":581},"The Alliance for Automotive Innovation, however, welcomed the final rules.",{"type":576,"attrs":762,"content":763},{"textAlign":49},[764],{"text":765,"type":581},"“The Treasury rules appear to recognize the realities of the global supply chain by providing some temporary flexibility in terms of where the critical minerals in EV batteries can be sourced,” John Bozzella, the president and chief executive of the Alliance said in a statement. “That’s helpful as more automotive supply chains and battery production is localised to the US and our allies.”",{"type":625,"attrs":767,"content":768},{"level":627,"textAlign":49},[769],{"text":770,"type":581},"Could the elections impact this?",{"type":576,"attrs":772,"content":773},{"textAlign":49},[774,776,782],{"text":775,"type":581},"With the ",{"text":777,"type":581,"marks":778},"US elections",[779],{"type":585,"attrs":780},{"href":781,"uuid":49,"anchor":49,"target":49,"linktype":588},"https://source.benchmarkminerals.com/article/what-the-us-2024-elections-mean-for-the-ira-and-ev-battery-supply-chain",{"text":783,"type":581}," coming up, the interpretation of the rules surrounding the tax credit could change.",{"type":576,"attrs":785,"content":786},{"textAlign":49},[787],{"text":788,"type":581},"“A potential Trump administration would have some scope to tighten the EV tax credit rules, for example, by removing the temporary exemption for Chinese graphite and revising the FEOC rules to make them more stringent to be tough on China,” Bille said.","The US Department of the Treasury has issued its final rules for the 30D clean vehicle tax credit included in the Inflation Reduction Act. The rules will become effective on 5 July 2024. The rules now exempt graphite contained in battery anodes from needing to meet Foreign Entity of Concern (FEOC) and due diligence rules […]",[791],{"slug":564,"name":565,"content":792},{"job_title":567,"image":793,"bio":570,"linkedin":571},{"filename":569},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"758d9cf2-c8d6-4683-9257-a0e4452cae24\", \"id\": \"\"}-->","article",[797,800],{"slug":798,"name":799},"geopolitics","Geopolitics",{"slug":801,"name":802},"sustainability","Sustainability","private",{"id":49,"alt":805,"name":805,"focus":805,"title":805,"source":805,"filename":806,"copyright":805,"fieldtype":807,"meta_data":808,"is_external_url":51},"","https://wp-admin.benchmarkminerals.com/app/uploads/US-DOE-scaled.jpg","asset",{"alt":805,"title":805,"source":805,"copyright":805},"May 08, 2024","8th May 2024",[],[],1781530287173]