The Biden administration on Friday granted automakers some flexibility on qualifying for electric vehicle tax credits. The new final guidance, issued as part of the 2022 Inflation Reduction Act, incorporates a two-year exemption to provisions of the law that bar vehicles from eligibility if their battery minerals come from China, Russia, Iran and North Korea. The exemption applies only to minerals of low value that are considered difficult to trace — and the Biden administration extended it to graphite, which frequently comes from China. The decision may rankle Sen. Joe Manchin (D-W.Va.) a key architect of the law. He criticized the proposed exemption even before it w
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