Ford Says U.S. Treasury Should Ease Up On EV Battery-Sourcing Rules | Carscoops carscoops
and supports the overall objective of the law to bolster the localization of battery production and critical mineral mining and processing in the U.S.
, a battery giant based in China. These batteries are expected to go into all-electric pickup trucks and SUVs. In addition, the automaker said it needs a “de minimis standard” for foreign entity reporting requirements “so that unintended traces of critical minerals do not disqualify” its vehicles from qualifying for tax credits.
According to the Inflation Reduction Act, 50 percent of minerals used in batteries must be sourced from North America or American allies by 2024. That proportion will have to rise to 80 percent by the end of 2026.
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