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clock Created with Sketch. 30/03/23
16:29
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Originally posted by SplitFusion:
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The US tax credits for Electric Vehicles started in January. The rules were thrown together quickly and it became apparent that some things needed to be re-thought out. The rules for getting the tax credit are based on % of raw materials from the US or Free Trade Partner, and % of assembly done in the US. For the first 3 months anyone who purchased an EV got the credit while they bicker over the wording of the law, but starting in April they are supposed to have the full law in place. It ramps up the % of raw material required by the US or FTP each year to encourage more locally source material.
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Intriguing calculation regarding the US-based automakers getting the North America EV battery lithium for free and having $75,500 for other uses. I would argue that they would be willing to pay a premium for the lithium beyond the assumed $49,000. As a matter of fact the same premium pricing for qualified inputs would apply for graphite from Canada etc.
(20min delay)