Do you have your eye on a new electric, plug-in, or fuel cell vehicle but wonder if you will qualify for a federal clean vehicle credit? Are you a dealer who wants to know how you will determine if your customer qualifies for a federal incentive? Or perhaps you are an industry stakeholder trying to figure out how critical minerals and battery component contents will be counted. While the U.S. Department of the Treasury released preliminary guidance on the Inflation Reduction Act’s (IRA) clean vehicle credits at the end of December, it needed additional time to develop an implementation plan. New and more detailed guidance is expected from the Treasury in March 2023.

The Federal Reserve Bank of Chicago on April 6, 2023, hosted a webinar featuring three top experts who provided a timely update on the IRA clean vehicle credits. The discussion included how industry, dealers, and unionized workers view the latest information and got answers to some of their most pressing questions.