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Tax Credits Automotive Industry Supply Chain

Foley & Lardner LLP

Foley Automotive Update - August 2024 - 2

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A number of auto suppliers are reducing R&D and engineering budgets in response to cost pressures, according to a report in Crain’s Detroit. Declining automotive plant capacity utilization in the U.S. is expected to be a...more

Jones Day

Final Clean Vehicle Credit Regulations Clarify Diligence and Tracing Rules

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The Department of Treasury, the Internal Revenue Service, and the Department of Energy finalized guidance on the requirements for new and used clean vehicles to be eligible for federal tax credits....more

Foley & Lardner LLP

Foley Automotive Update - April 2024 - 2

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This update helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities. Key Developments - Recent pricing disputes with suppliers have resulted in production...more

Dickinson Wright

Plugged In: An EV Newsletter Vol. 2, No. 2

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Editor’s Note - Dear Readers, Our collaboration with guest authors continues to ramp up, this time with an author from half way around the world! Welcome to yet another enthralling edition of Plugged-In, where we hear from...more

Miller Canfield

US Issues Proposed Regulations on FEOC Exclusions from Clean Vehicle Credit

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On December 4, 2023, the U.S. Department of the Treasury and Internal Revenue Service (IRS) published long-awaited proposed regulations (Notice of Proposed Rulemaking) regarding the Foreign Entity of Concern (FEOC) exclusions...more

Troutman Pepper

Guidance Suggests U.S. Clean Vehicle Subsidies Require Disengagement From China Supply Chains

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On December 1, the U.S. Department of Energy (DOE) released long-awaited proposed guidance defining “foreign entity of concern” (FEOC) under the Infrastructure Investment and Jobs Act (IIJA). Simultaneously, the U.S....more

Foley & Lardner LLP

Electrified Industrial Policy: IRS Proposed Regulations on Section 30D EV Tax Credits & EV Manufacturing Grants

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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

Perkins Coie

IRS Issues Guidance on Battery Sourcing Requirements for Clean Vehicle Tax Credits

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The Internal Revenue Service (IRS) published guidance on April 17, 2023, in the form of a Notice of Proposed Rulemaking (NPRM), detailing the critical minerals and battery components requirements under Section 30D of the...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

Foley & Lardner LLP

Using M&A and Other Strategic Transactions to Enhance EV-Launch Readiness

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In 2022 automotive original equipment manufacturers, suppliers, startups, and other participants in the electric vehicle (EV) ecosystem used mergers and acquisitions, joint ventures, and strategic transactions to enhance...more

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