Here’s How Hard It Will Be for Consumers to Get EV Subsidies

By Jane Shaw Stroup of The Goodman Institute Environmental Blog.

"First, if you’re married and earn more than $300,000, you’re not eligible.

But that’s just the beginning. Other criteria reported by John Rosevear at CNBC:

• Vehicle price caps. Cars priced above $55,000, and trucks, vans and SUVs priced over $80,000, aren’t eligible for the tax credit.
• Made in North America. Only EVs that “undergo final assembly” in the U.S., Canada, or Mexico are eligible for the credit.
• Critical minerals. To be eligible for the credit in 2023, at least 40% of the critical minerals by value—including lithium, nickel, manganese, graphite and cobalt—in the vehicle’s batteries must have been extracted, processed or recycled in the U.S. or in a country with which the U.S. has a free trade agreement. . . .
• Battery components. To be eligible for the credit in 2023, at least 50% of the value of the components in an EV’s battery must be manufactured or assembled in North America.

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And how must companies figure out such things as “40 percent” of value of  critical minerals? There are rules for that, too."