Partner Levi McAllister spoke with Law360 about the Inflation Reduction Act of 2022’s tax credit requirements for electric vehicle manufacturers, which require battery materials to be sourced and ultimately assembled in the United States or a select group of countries. The White House is clarifying the requirements so automakers can make proper adjustments to their upcoming releases.
"They cause manufacturing adjustments to be made now, for automakers to reassemble their assembly lines," Levi said.
"You don't change for the 2035 model year in 2034. You do that now."