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The U.S. Treasury announced on May 3, 2024 that it would provide more flexibility in the electric vehicle (EV) tax credit policy for automakers, allowing American consumers to receive up to $7,500 (US) in tax credits for vehicles containing Chinese graphite and other critical minerals until the end of 2026.

Under previous regulations, EVs using minerals sourced from China would no longer qualify for tax incentives starting in 2025. However, this latest announcement grants manufacturers a two-year grace period for EVs using some specific minerals such as graphite.

Source: WeChat Official Account—电池工业网

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