On Friday, March 31, 2023, the IRS issued proposed regulations on Section 30D. Following on the heels of Rev. Proc. 2022-42, Fact Sheet 2022-42, and a Treasury white paper from December, the Proposed Regulations provide long-awaited guidance on the requirements that EVs must meet in order to qualify for the tax credit for EV owners, in particular those relating to the sourcing of critical minerals and battery components within EVs.  

Incentives in the U.S. Inflation Reduction Act triggered a flash of investment as subsidies altered the economics of renewable energy. Linklaters New York Partner Judy Kwok joined Wall Street Journal to examine how the law works, what its backers hoped to achieve, whether it's working as designed, and roadblocks and threats against the climate law.

Negotiations on a proposal for an EU Regulation on sustainable batteries have finally concluded and the Regulation will now be published in the Official Journal of the EU. Read our latest summary by Julia Voskoboinikova.

Linklaters is already deeply involved in supporting its clients, whether traditional OEMs, industrial players or enterprising start-ups, in navigating the complexities of developing, building and, of course, financing gigafactories. Part 1 of this webinar, given by Jeremy Gewirtz, Joo Hee Lee and David Leeming, focused on the regulatory environment and structural challenges driving these transactions.