Administration officials say there’s a clear end-date to this...

Administration officials say there’s a clear end-date to this exemption and they expect investments in the graphite sector currently in the works to meet demand by 2027.

Ben Steinberg, a spokesperson for the Battery Materials & Technology Coalition, a trade group for members of the supply chain that includes graphite producers, said that allowing Chinese graphite companies to gain access to the tax credit over the next two years is antithetical to the IRA and puts standing up the North American supply chain at risk.

But Steinberg also noted that the rule includes a requirement for manufacturers relying on the grace period to show how they’ll comply by 2027 in securing IRA-compliant graphite. According to the rule, that’s expected to include “robust documentation” around efforts companies are making to secure new supplies from domestic or compliant suppliers and ultimately ink offtake agreements.

https://www.eenews.net/articles/bidens-ev-tax-credit-rule-offers-big-concession-for-automakers/