The tax credits provided in the Inflation Reduction Act, specifically 26 U.S.C. § 48C and § 45X, are critical to many ZETA members and will help ensure the continued availability of products necessary for a fully-electrified transportation sector. ZETA provided guidance on how to appropriately define several key terms and concepts in the legislation such as “integrated,” “incorporated,” “power-to-capacity ratio.” Additionally, our comments ask the Treasury to clarify the inclusion of production through recycling, and define production costs. ZETA also provided guidance regarding the establishment of metrics for review of 48C projects, along with other recommendations to ensure an inclusive grant program. Full text here.
