The short answer: it wouldn’t qualify for federal tax credits.
And the battery pack that powers a qualifying vehicle can’t use components or critical minerals that come from a “foreign entity of concern,” which is government-speak for adversaries like China. The rules, passed during the Biden administration, aim to spur more domestic EV and battery manufacturing, while also making the car industry less reliant on China.
Nickel and Cobalt is expensive, and more expensive if buyers (EV manufacturers) are forced to source it from North America. Most of both comes from Canada, so tariffs will matter.
The short answer: it wouldn’t qualify for federal tax credits.
Nickel and Cobalt is expensive, and more expensive if buyers (EV manufacturers) are forced to source it from North America. Most of both comes from Canada, so tariffs will matter.