Are there different battery assembly percentage requirements for different years

Are there different battery assembly percentage requirements for different years

Yes, there are different battery assembly percentage requirements for different years according to the Inflation Reduction Act:

Year Applicable Percentage
2023 50%
2024-2025 60%
2026 70%
2027 80%
2028 90%
2029 and beyond 100%

These percentages refer to the value of battery components that must be manufactured or assembled in North America to qualify for tax credits.

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