Treasury Signals Opening for Foreign Carmakers on EV Subsidy (2)

The US Treasury Department signaled some imported cars will qualify for electric-vehicle tax credits in the Inflation Reduction Act, a move that could assuage Asian and European allies’ concerns about the sweeping climate legislation.

The Treasury sketched out its interpretation of content requirements for electric-vehicle tax credits Thursday, while delaying final rules until March so officials have more time to address the complexities of the law.

In a list of frequently asked questions, Treasury officials indicated that imported EVs can qualify for a consumer tax credit of up to $7,500 through a commercial-vehicle clause in the law by leasing ...