On Friday, 31 March, the U.S. Department of the Treasury has released guidelines for qualifying for electric vehicle grants under the framework of the U.S.Inflation Reduction Act (IRA). The EU has been looking forward to these announcements since they clarify the extent to which European producers of critical minerals and batteries will have access to IRA support.
The Treasury has confirmed that countries with “newly negotiated critical minerals agreements” will be able to qualify as...