File - Assembly line worker Janice DeBono looks over a 2023 Chevrolet Bolt EUV at the General Motors Orion Assembly, June 15, 2023, in Lake Orion, Mich.
Starting this year, complex rules are being phased in to promote development of a domestic electric vehicle supply chain. The rules would limit EV buyers from claiming the full tax credit if they purchase cars containingThe new rules largely target battery components from nations “of concern” — mostly China, but also Russia, North Korea and Iran.
Small amounts of graphite and other minerals would be exempt from the restriction until 2027, because their country or origin is nearly impossible to trace. Without the exemption, some vehicles that met nearly all of the requirements could get knocked out of tax credit eligibility due to tiny amounts that couldn't be traced, officials said.
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