The Treasury Department laid out specifics on how automakers can certify whether their electric cars qualify for new subsidies of up to $7,500 enacted in last year’s climate spending package.
The new guidance released Friday largely stays the course with what Treasury telegraphed in a “white paper” late last year on sourcing requirements intended to force supply chains out of China. It’s set to be formally published April 17, meaning new rules that could reduce the number of vehicle models that qualify for the full $7,500 will take effect the following day.
The roughly two-week delay will give auto manufacturers time to figure out if their electric vehicles qualify under the new guidance, enabling them to certify sourcing and price information so consumers know which models can get the government-provided discount.
