The U.S. Treasury Department has delayed release of full guidance on qualifications for the revised federal EV tax credit until March. The IRA re-upped the $7,500 federal EV tax credit and eliminated the previous 200,000-unit cap that a handful of automakers had already reached as of Jan. 1, but it also set stipulations on battery minerals and... Full US EV tax credit guidance delayed to March
The U.S. Treasury Department has delayed release of full guidance on qualifications for the revised federal EV tax credit until March. The IRA re-upped the $7,500 federal EV tax credit and eliminated the previous 200,000-unit cap that a handful of automakers had already reached as of Jan. 1, but it also set stipulations on battery minerals and... 
The model will be launched in the second quarter of 2023 with a battery pack capacity of 140 kWh and an energy density of 200 Wh/kg.
Svolt Energy expects to complete the development of sodium-ion batteries with an energy density of 160 Wh/kg and cycle life of more than 2,000 by the fourth quarter of 2023.
JAC did not give a specific reason, but said the move will help it deepen its strategic partnership with NIO.
