ZETA’s Albert Gore: EV Tax Credit Rules are Stringent but Workable for the EV Industry
The Zero Emission Transportation Association’s Executive Director Albert Gore issued the following statement in response to the publication of the final rules for the New Clean Vehicle Tax Credit (§30D) by the U.S. Department of Treasury and the Department of Energy.
“The Administration has finalized rules that, along with the escalating battery and mineral content sourcing requirements in the clean vehicle credit, is rightly oriented around strengthening our control of battery and mineral supply chains and creating jobs across the United States. The stringency of the final rules are consistent with law and appropriately balances those goals.
“With more than $173 billion invested in the domestic EV and battery supply chain since the beginning of 2021, these rules will ensure that more vehicles on the road here will be made here, and more Americans will have access to electric vehicles. We will continue to work with all stakeholders to ensure the United States can succeed in outcompeting China as the global leader in advanced manufacturing.
“ZETA thanks Treasury and DOE for engaging with industry robustly throughout this process. By finalizing these rules, the agencies are providing businesses with the regulatory certainty needed to continue investing in a competitive domestic supply chain.
“At the end of the day, electric vehicles continue to be one of the best transportation options for American drivers, offering reduced total cost of ownership, an improved driving experience, and zero tailpipe emissions. The rules finalized today will help ensure that those vehicles continue to be built in America.”
Zero Emission Transportation Association | https://www.zeta2030.org/
