IRA implementing rules and guidelines

IRA implementing rules newly published by the US Treasury will likely reduce EV sales in the short term while aiming to spur long-term industry growth, reports Politico. The US and Japan have negotiated a new agreement to allow Japanese critical minerals to qualify under US subsidy rules, per the Wall Street Journal. Building critical mineral supply chains without Chinese production will be a challenge, says Bloomberg. Indonesian business argues that it should qualify for US subsidies, writes the Financial Times.

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