To qualify for the electric vehicle tax credit, the battery assembly requirements depend on the year:
- 2023: At least 50% of battery components must be manufactured or assembled in North America.
- 2024-2025: 60% requirement.
- 2026: 70% threshold.
- 2027: 80% required.
- 2028: 90% minimum.
- 2029 onward: 100% of battery components must be North American.
Additionally, vehicles placed in service after 2023 must avoid using battery components from foreign entities of concern. These requirements apply alongside criteria like MSRP caps ($55,000–$80,000) and a minimum 7 kWh battery capacity.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-percentage-of-battery-assembly-is-required-for-tax-credit-eligibility/
