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WASHINGTON – Congresswoman Debbie Dingell (MI-06) released the following statement on the Treasury Department’s updated guidance regarding the Inflation Reduction Act’s new clean vehicle tax credit.

“Accelerating domestic electric vehicle development, manufacturing, and deployment is critical to addressing the threat of climate change and advancing the future of transportation here in the United States. This proposed guidance from the Treasury Department today moves us closer to implementing the cost-saving provisions of the Inflation Reduction Act’s clean vehicle tax credit by clarifying for manufacturers the critical mineral and battery sourcing requirements that will be used moving forward for determining which vehicles will qualify for up to a $7,500 tax credit. While these proposed standards may lead to challenges in the short-term, in the years ahead this will help strengthen our domestic supply chains for electric vehicles, as well as help bring down the costs to purchase a clean vehicle. We must continue to make electric vehicles affordable and accessible to consumers and expand EV infrastructure nationwide.

“It’s critical that our nation remains a leader in auto innovation and technology, and that why we’re making the investments to build this technology and create these jobs here in America, and reduce our dependence on China. By working together with industry, labor, environmental advocates, and the Biden Administration, we will meet our goal of making 50% of new vehicles sold in 2030 be zero-emissions vehicles."