The Biden administration has issued long-awaited rules aimed at preventing electric vehicle manufacturers from sourcing battery materials from China and other foreign adversaries, while giving automakers some flexibility to comply with new mandates.
the Guidelines, which was required as part of a deal to extend the $7,500 tax break through the climate law signed by Biden, setting a 25% ownership limit for a company or group to be designated as a foreign entity of concern, and the government speaks for companies or groups owned or controlled. Geopolitical enemies of the United States. The restrictions will apply to battery components next year, then include suppliers of key battery raw materials, such as nickel and lithium, in 2025.