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Re: RIGATONI post# 369069

Wednesday, 08/17/2022 7:10:28 PM

Wednesday, August 17, 2022 7:10:28 PM

Post# of 381575
Worth noting. As part of the The Inflation Reduction Act........
The IRA extends and expands the existing electric vehicle (EV) subsidy of up to $7,500 but conditions the tax credit on the sourcing of the mineral content of the battery.

At least 40% of the critical metals in the battery - lithium, nickel, cobalt and manganese - must come from the United States or a Free Trade Agreement (FTA) partner. That percentage rises to 80% in 2026.

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