The U.S. Treasury Department unveiled how it will award the next round of clean-vehicle tax credits under the Inflation Reduction Act, which starting in 2024 excludes vehicles with battery parts made in countries of “concern.” In 2025 the exclusions will also apply to critical minerals, an industry currently dominated by Chinese companies. (The Logic)

Talking point: John Bozzella, CEO of the Alliance for Automotive Innovation, a group that represents auto and battery makers, wrote that after a 15-month wait, the regulations provide clarity and calmed fears that it would become impossible to build or buy a car that qualifies. For one, the rules don’t penalize vehicles that use trace materials, like a coating on a fastener, from countries of concern. The rollout will be closely watched in Canada, after a delegation of business leaders went to Washington, D.C., last month to discuss critical-mineral collaborations.