this post was submitted on 22 Jul 2023
1 points (66.7% liked)

worldnews

4839 readers
1 users here now

Rules:

  1. Be civil. Disagreements happen, that does not give you the right to personally insult each other.

  2. No racism or bigotry.

  3. Posts from sources that aren't known to be incredibly biased for either side of the spectrum are preferred. If this is not an option, you may post from whatever source you have as long as it is relevant to this community.

  4. Post titles should be the same as the article title.

  5. No spam, self-promotion, or trolling.

Instance-wide rules always apply.

founded 1 year ago
MODERATORS
Rooki@lemmy.world
FlyingSquid@lemmy.world
jordanlund@lemmy.world
1
Dead EV batteries turn to gold with US incentives (www.reuters.com)
submitted 1 year ago by SpunkyBarnes@geddit.social to c/worldnews@lemmy.world
2 comments fedilink hide all child comments
 

“POOLE, England, July 21 (Reuters) - A little-publicized clause in the U.S. Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America, putting the region at the forefront of a global race to undermine China's dominance of the field.”

you are viewing a single comment's thread
view the rest of the comments
[–] MasterObee@lemmy.world -1 points 1 year ago (1 children)

Seems reasonable for the most part -

"The IRA includes a clause that automatically qualifies EV battery materials recycled in the U.S. as American-made for subsidies, regardless of their origin. That is important because it qualifies automakers using U.S.-recycled battery materials for EV production incentives."

But my question is why even make the qualifier 'US made' if foreign made batteries qualify? Don't lie, just say they're battery recycling regardless of origin.

[–] partial_accumen@lemmy.world 1 points 1 year ago

But my question is why even make the qualifier ‘US made’ if foreign made batteries qualify? Don’t lie, just say they’re battery recycling regardless of origin.

The for the tax credit rule is:

  • New batteries manufactured in the USA
  • New batteries manufactured in the USA or outside the USA, but recycled in the USA

The reason "Batteries manufactured outside of the USA" doesn't count is because it does nothing to incentives battery manufacturing or recycling in the USA.

I think your complaint is really with the wording the author of the article chose. Here's straight from the US Treasury department on the Inflation Reduction Act:

"To meet the critical mineral requirement and be eligible for a $3,750 credit, the applicable percentage of the value of the critical minerals contained in the battery must be extracted or processed in the United States or a country with which the United States has a free trade agreement, or be recycled in North America—as mandated by the Inflation Reduction Act."

source

No ambiguity in that wording.