Tesla expects tax credits from the US Inflation Reduction Act (IRA) to be worth $150-250 million per quarter this year to the automaker and increase through the year as its car volumes grow, according to the company’s chief financial officer

The EU and US have recently introduced four key policies and laws to support local economies, secure battery material supply chains and accelerate the move towards a new generation of energy markets

New electric vehicle (EV) battery plant announcements have exploded in the United States, however critical supply chain questions remain unsolved

The Inflation Reduction Act in the United States may ironically cause global metal market prices to rise for some metals used in electric vehicles (EVs), Fastmarkets sources said