Big questions loom around EV tax guidance

Payne Institute Faculty Fellow Ian Lange contributes to this article about how the Biden administration on Friday released guidance that it hopes will alter the landscape for electric vehicles by pivoting the nation from gas-guzzling cars and bolster its aggressive climate goals. But major questions remain around exactly how the new tax regime will keep out China-linked cars, components and minerals; whether and how the federal government can enforce the law; whether industry can scale up fast enough; and how many EVs will qualify for the $7,500-per-vehicle credit under last year’s landmark Inflation Reduction Act.  March 31, 2023.