As predicted, the proposed Inflation Reduction Act and its package of EV incentives is roiling the political waters in Washington as those who like the bill fight to get it passed and those who don’t like the bill fight to get it changed. Either way, it’s a great time to be a lobbyist in the nation’s capitol.
Reuters reports that several automakers are upset by the sourcing requirements for battery components and critical minerals that have to be met in order for the vehicles they manufacture to qualify for the proposed incentives, which include a $7,500 point of sale rebate for light duty cars and trucks and a $40,000 rebate for heavy trucks weighing more than 14,000 pounds.
