Webinar - Navigating the Inflation Reduction Act’s new Foreign Entity of Concern rules for the US electric vehicle tax credit

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Join our upcoming webinar on Monday 22 January. Amid a fantastic 47% YoY growth in EV sales in 2023, the US in December released new rules around foreign entities of concern (FEoC) – Battery material and component producers that carmakers need to detangle from their supply chains to qualify for the $7,500 EV tax credit from 2024. With the policy modelled on the Chips Act’s equity rules, the pool of eligible suppliers has shrunk for several materials like raw lithium that are heavily controlled by firms with significant Chinese ownership despite majorly originating from ex-China. Could this development put the brakes on the country’s EV adoption growth? In this webinar, we discuss - • How imperative the federal tax credit is for the US’ EV ambitions • Whether supply of FEoC-compliant battery material and components can keep up with demand • What new investment opportunities have opened up in metals & mining space thanks to the new rules

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    Inflation Reduction Act Feoc Rules.pdf

    PDF 2.31 MB