EV tax credit

“Now it's time limited, so this is gonna expire in 2032, but through that time you can sell as many cars as you possibly can. You'll get the tax credit for it if you qualify for all of the qualifications you need to jump through.”

“They did not give guidance on how they define foreign entity of concern for the purposes of the EV tax credit. And, you know, they didn't give any guidance. They were asked very specifically, is, is a country a foreign entity of concern? Do you have to name th…”

“And that, that number is now 25%, so it can't be a Chinese ownership having, Chinese company having an ownership of 25% or more, or else it becomes a foreign entity of concern, and therefore disqualifies you for the tax credit.”

“If you are today shipping your spodumine to China to be made into lithium hydroxide then that's, if China does turn out to be a foreign entity of concern, that will disqualify that material for the tax credit. So right now, it is going to be qualified, but as …”

“You don't need to look too much beyond public commentary to see that, like, EV tax credits will likely come under concern, and so that probably impacts anyone investing in the EV value chain.”