The electric car conundrum

The overhaul of tax credits for electric vehicles was one of the most intriguing storylines from Democrats’ Inflation Reduction Act.

Now, exactly how the Biden administration is rolling out the law’s new EV sourcing rules is one of the hottest things to watch in the regulatory space at a critical time for the industry.

The IRS is slated to hold a public hearing Wednesday on some of the latest Biden administration guidance. Stakeholders — including EV makers, battery and mineral businesses, climate groups and unions — have been weighing in. United Steelworkers, for example, wants stricter rules, while some auto companies want additional flexibility and clarity.