Auto industry

The Internal Revenue Service has updated its frequently asked questions to offer more guidance on what kinds of components can be used in electric vehicles to qualify for tax credits.

The guidelines set a 25% ownership threshold for a company or group to be classified as a foreign entity of concern.

The Biden administration has discussed granting automakers a temporary reprieve from new rules poised to limit a consumer tax credit, a Michigan senator said Tuesday.

Your competitors of the future are probably not who you think they are.

New guidance explains how buyers of electric vehicles can transfer their tax credits to dealers and get advance payments that lower the cost.

Vaibhav Taneja, already has a hefty gig serving as the company's chief accounting officer.

The Treasury released partial guidance on supply-chain requirements that lets some vehicles qualify — but it hasn't yet clarified how to classify so-called foreign entities of concern.

Panasonic and LG are likely to benefit the most from tax credits under the Inflation Reduction Act.

The change brings the total number of EV models eligible for the full tax credits to 22.

Elon Musk is getting more firepower for his electric-vehicle price war thanks to tax credits in the president's signature climate legislation.

The Inflation Reduction Act encourages automakers to manufacture electric cars in the U.S.

Dozens of other electric cars and trucks didn't make the cut, either because they aren't manufactured in the U.S. or don't use American parts and pieces.

Automakers have been waiting for the U.S. Treasury Department to help them figure out which of their cars are eligible for lucrative electric-vehicle tax credits. The Treasury's response: Keep waiting.

Proposed guidance aims to reduce U.S. reliance on China for batteries and minerals.

The Biden administration's requirements for electric vehicle tax credits will reduce the number of models eligible for incentives until tens of billions of new investment in U.S. manufacturing by automakers and suppliers kick in.

Long-awaited proposed guidance gives details on the new tax credits for electric vehicles under the Inflation Reduction Act.

The U.S. agreed to boost cooperation with Japan on critical mineral supply chains and to expand access to tax breaks.

The auto world will know by Friday where the Biden administration stands on some of the toughest policy questions surrounding the U.S. transition to electric vehicles.

Since the beginning of this year, U.S. car buyers have been able to get a federal tax credit of up to $4,000 for the purchase of a used electric vehicle.

The Biden administration will allow more crossover SUVs to qualify for the newly-revamped electric vehicle tax credit following lobbying by automakers such as General Motors Co. and Stellantis NV.