Category: eV

Hyundai–Kia Suppliers Employing Kids … in USA

When I first saw the headline about children working throughout the Hyundai–Kia supply chain, I started wondering what 3rd world country this was referring to. Then I saw the end of the Reuters headline — Alabama! The highly esteemed United States of America! True, we don’t have public health care like most of the developed […]

UPDATE 1-U.S. Treasury will delay EV battery sourcing guidance until March

With a revamped $7,500 electric vehicle tax credit taking effect Jan. 1, the U.S. Treasury Department said on Monday it will delay until March its release of proposed guidance on the required sourcing of electric vehicle batteries. The announcement means some electric vehicles that will not meet the new requirements may have a brief window of eligibility in 2023 before the battery rules take effect. The $430 billion Inflation Reduction Act (IRA) imposes complex restrictions on tax credits based on sourcing of battery components and critical minerals.