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Support for Battery Manufacturing and Critical Mineral Production in the US

This bill increases tax credits for companies making battery parts to lower technology costs and reduce reliance on foreign suppliers. These changes aim to secure the supply chain for electronics and electric vehicles, potentially affecting future prices.
Key points
Tax credit for battery material producers increases from 10% to 25%.
Materials from 'prohibited foreign entities' will be excluded from tax benefits after 2026.
New materials like lithium hydroxide and specific silicon are now eligible for support.
The phase-out of these tax benefits is delayed, extending support until 2044.
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Status: Introduced
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Additional Information
Print number: 119_HR_7473
Sponsor: Rep. Ruiz, Raul [D-CA-25]
Process start date: 2026-02-10