Local Sourcing Rule Problematic for Expanded $7500 EV Tax Credit

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Local Sourcing Rule Problematic for Expanded $7500 EV Tax Credit
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Joe Manchin’s component requirements would do for imported EVs what the Chicken Tax did for imported pickups.

ould be available on SUVs, pickup trucks, and vans priced up to $80,000, and on all other body styles, including sedans like the Tesla Model 3, priced up to $55,000.

But the industry consensus is that no automakers will be able to meet the tax credit requirements because there will be no lithium processing in North America any time soon.

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