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Inflation Reduction Act (IRA) Batteries U.S. Treasury

Holland & Knight LLP

Treasury Department, IRS Issue Final Rules Under Clean Vehicle Tax Credits

Holland & Knight LLP on

The Federal Register on May 6, 2024, published final regulations issued by the U.S. Department of the Treasury and IRS under the clean vehicle tax credits found at Sections 25E (previously owned clean vehicles) and 30D (clean...more

Allen Matkins

Renewable Energy Update 5.07.24

Allen Matkins on

Governor Gavin Newsom said on April 25 that California continued to rapidly add the battery storage that is crucial to the transition to cleaner energy, but admitted it was still not enough to avoid blackouts during heat...more

Mayer Brown

Proposed Regulations on Section 45X Advanced Manufacturing Production Tax Credit

Mayer Brown on

On December 14, 2023, the Department of Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) released proposed regulations to implement the Section 45X advanced manufacturing production credit established by the...more

Holland & Knight LLP

An In-Depth Look at Section 45X Proposed Regulations

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The U.S. Department of the Treasury and IRS on Dec. 14, 2023, released Proposed Regulations regarding the Section 45X Advanced Manufacturing Production Credit of the Internal Revenue Code. (See Holland& Knight's previous...more

Holland & Knight LLP

Treasury Department, IRS Release Clean Vehicle Tax Guidance

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The U.S. Department of the Treasury and IRS have released several pieces of guidance regarding the tax incentives for clean vehicles provided under Sections 30D (new clean vehicle credit), 25E (previously owned vehicle...more

Katten Muchin Rosenman LLP

Treasury and IRS Release Proposed Regulations on Consumer Electric Vehicle Tax Credits

On March 31, the Treasury Department and the Internal Revenue Service (IRS) released proposed regulations under Section 30D of the Internal Revenue Code (Code), focusing primarily on the critical mineral and battery component...more

McGuireWoods Consulting

Guidance on Inflation Reduction Act 30D EV Tax Credits

Background - On March 31, 2023, the Treasury Department released proposed guidance on the battery component and critical mineral sourcing requirements for the 30D tax credit under the Inflation Reduction Act (IRA)....more

Brownstein Hyatt Farber Schreck

Treasury Department and IRS Solicit Industry Feedback on Proposed EV Tax Credit Regulations

On March 31, 2023, the Treasury Department and Internal Revenue Service (IRS) issued proposed regulations implementing the section 30D clean-vehicle tax credit enacted as part of the Inflation Reduction Act (IRA). The...more

Kelley Drye & Warren LLP

U.S. and Japan Reach Agreement on Critical Minerals and Treasury Releases Guidance on EVs

On March 28, 2023, the United States and Japan signed an agreement on trade in critical minerals used in electric vehicle (“EV”) batteries (“Agreement Between the Government of Japan and the Government of the United States of...more

BakerHostetler

Treasury Is Seeking Public Input on Implementing EV Tax Credit Under the Inflation Reduction Act of 2022

BakerHostetler on

Key Takeaways - ..The U.S. Department of the Treasury and the Internal Revenue Service are accepting public comments on the implementation of electric vehicle (EV) tax credits under the Inflation Reduction Act of 2022...more

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