Treasury had been required to issue proposed guidance by Dec. 31. The delay impacts some of the rules for EV incentives between Jan. 1 and the time the guidance will be issued next year. The U.S. Treasury Department on Monday said it will issue proposed guidance for the critical mineral and battery component requirements in March, effectively delaying those eligibility restrictions in the $7,500 tax credit for new electric vehicles.
- Restrictions on sticker price and buyer income still take effect Jan. 1.
- The critical mineral and battery component requirements do not take effect until after Treasury issues the proposed guidance in March.