Critical Minerals Agreement Struck with Japan, Congress Howls

Content requirements for EV Tax Credit released

Posted 3/31/23

The United States and Japan have struck a trade deal on critical minerals used in the production of electric vehicle batteries.  The agreement is meant to reduce both countries’ dependence on countries like China for critical minerals, senior Administration officials told reporters.

The Treasury Department published proposed content rules for the critical minerals content required for eligibility for the electric vehicle tax credits in the Inflation Reduction Act.

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