The Inflation Reduction Act of 2022 (the “IRA”) and the Infrastructure Investment and Jobs Act of 2021 (the “IIJA”) set in motion an ongoing series of changes that are aimed at transforming, among other things, the automotive...more
7/12/2023
/ Automotive Industry ,
Batteries ,
Electric Vehicles ,
Grants ,
Inflation Reduction Act (IRA) ,
Infrastructure Investment and Jobs Act (IIJA) ,
Internal Revenue Code (IRC) ,
IRS ,
Manufacturers ,
Proposed Regulation ,
Proposed Rules ,
Supply Chain ,
Tax Credits
The Internal Revenue Service (IRS) recently released guidance regarding the changes to the Plug-In Electric Drive Vehicle Credit (EV Credit) under Section 30D of the Internal Revenue Code (Code), which was most recently...more
As we highlighted in our December 29, 2021 and January 19, 2021 posts, on November 15, 2021, the Bipartisan Infrastructure Law (BIL) was passed, enacted as the Infrastructure Investment and Jobs Act (IIJA) (Pub. L. 117-58),...more