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Inflation Reduction Act

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The US House and Senate voted to restore solar tariffs – and Biden just vetoed that [update]

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The US House of Representatives and Senate voted to restore tariffs on solar panels made in four Southeast Asian countries. President Joe Biden just vetoed that legislation. And good thing, because that legislation would have seriously injured the young US solar industry.

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Bosch to acquire TSI Semiconductors, injecting $1.5B to meet SiC chip demand for EVs

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The world’s largest auto supplier is expanding its semiconductor manufacturing capabilities to meet the growing demand for computer chips for electric vehicles. Bosch announced Wednesday that it is acquiring US chipmaker TSI Semiconductor and investing $1.5 billion to produce silicon carbide (SiC) semiconductors and enable the adoption of EVs.

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How to bypass nearly every restriction of the EV tax credit by leasing

Last week, the IRS updated the EV tax credit with new battery sourcing requirements set to go into place on April 17, with the effect of lowering purchase credit amounts for many new EVs.

But since the law defines individual and commercial credits differently, those requirements – along with MSRP and income requirements – can be bypassed on consumer-leased vehicles.

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Everything you need to know about the IRS’s new EV tax credit guidance

EV tax credit

The US Treasury Department today announced its expected EV tax credit guidance on the battery component and critical mineral sourcing requirements of the Inflation Reduction Act, changing the availability of EV tax credits in the US, with the net effect of reducing tax credit amounts for many vehicles purchased on April 18 or later.

Update: some manufacturers have issued statements about which cars will and won’t qualify for the full credit, we will append updates the end of the post below as we get more information.

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