Hyperdrive
Treasury Lets Automakers Do the Math for EV Credit Eligibility
Carmakers are for now largely self-certifying whether their batteries meet content requirements that still aren’t fully fleshed out.
Treasury Secretary Janet Yellen touring the Ford F-150 Lightning production line in Dearborn, Michigan, in September.
Photographer: Emily Elconin/BloombergThis article is for subscribers only.
Auto executives the world over marked their calendars for March 30, the deadline the US Treasury Department set for itself to hammer out requirements electric vehicles would have to meet for federal tax credits.
The day ended up being rather anticlimactic.