Inflation Reduction Act & What It Means for EV Production
QAD
FEBRUARY 23, 2023
With the Inflation Reduction Act of 2022, the US Internal Revenue Service (IRS) is issuing significant tax rebates for consumers, corporations, and government entities who hop into something battery-powered—incentivizing more consumers to trade their ICE vehicle in for a BEV over the next decade. Meets Battery Mineral Sourcing Requirements.
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