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Electric Car, Energy Tax-Credit Rules Put on Fast Track at Treasury

  • Some regulations will be issued before the end of this year
  • Wage and apprenticeship guidelines are a White House priority
   

   

Photographer: Tolga Akmen/AFP/Getty Images

Updated on

The Treasury Department is expediting the formulation of scores of regulations that will carry out the $270 billion worth of energy tax incentives included in President Joe Biden’s signature climate and tax bill.

The Treasury is seeking public input about how to draft regulations that will oversee new and enhanced energy tax benefits, ranging from a $7,500 consumer credit for electric-vehicle purchases to incentives for manufacturers of wind turbines and solar panels. The government is requesting responses on implementing the Inflation Reduction Act’s climate proposals by Nov. 4 or sooner.