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Depending on which headlines you read, the Inflation Reduction Act (IRA) will either hurt U.S. electric vehicle sales by replacing existing tax credits with complicated new ones or build out a North American battery supply chain and rev up EV sales. So which is it?

In this episode, Shayle talks to Sam Jaffe, vice president of battery solutions at E-Source, about the key provisions of the IRA’s EV and battery tax credits. Sam explains how the IRA will spur a North American EV battery supply chain in the long run but will also create winners and losers along the way. 

There’s a $30 billion pot of money for various tax credits and limited time to make use of them. Who will get to it first? There are already some early movers.

Sam explains the key provisions:

They also cover which part of the battery industry will benefit more– the EV battery side or the stationary storage side. And Sam explains why he’s paying attention to the Treasury Department’s forthcoming guidance on the tax credits.

Resources:

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