On Friday, the U.S Treasury Department and the Internal Revenue Service (IRS) announced the release of a set of final rules for clean vehicles and the battery supply chain.
The rules, which clarify issues raised from the Inflation Reduction Act (IRA), will enhance investment in the clean vehicle and battery supply chain, officials said, by lowering costs for consumers and strengthening energy security through the building of resilient supply chains. Since 2022, the private-sector has investment $173 billion into the clean vehicle and battery supply chain, officials said.
