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Tesla Has Found A Way To Use LFP Batteries And Qualify For Full EV Tax Credit

FEOCs defined by the IRA include the People’s Republic of China (PRC), the Russian Federation, the Democratic People’s Republic of North Korea, and the Islamic Republic of Iran.

With Tesla producing LFPs locally, it could bypass the restrictions, making LFP-equipped Teslas qualify for the federal tax credit. As of this writing, the only Teslas qualifying for full credit are the Model Y (Rear-Wheel Drive, All-Wheel Drive, and Performance) and Model X (Long Range).

The sources said the new facility won’t be operational until 2025 and would initially have a limited output of around 10 GWh, which would be expanded if the project goes smoothly and the supply chain is established. It will also reportedly cover 20% of Tesla’s battery production in North America, including the company’s battery factory in California that produces the Megapack.

This article was originally published by a carbuzz.com . Read the Original article here. .

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