Extraordinary work to burn trillions of electrons
“‘(3) REGULATIONS AND GUIDANCE.
‘(A) IN GENERAL.—The Secretary shall issue such regulations or other guidance as the Secretary determines necessary to carry out the purposes of this subsection, including regulations or other guidance which provides for requirements for recordkeeping or information reporting for purposes of administering the requirements of this subsection.”
This is ordinary legal language in the “Inflation Reduction Act of 2022” (PART 4—CLEAN VEHICLES SEC. 13401. CLEAN VEHICLE CREDIT.) Familiar to attorneys and analysts the language is the subject of much popular media and press absent consideration of the actual business process requirements and information systems impacts.
This language will cause large information technology projects to begin immediately.
‘‘(2) BATTERY COMPONENTS.
‘‘(A) IN GENERAL.—The requirement described in this subparagraph with respect to a vehicle is that, with respect to the battery from which the electric motor of such vehicle draws electricity, the percentage of the value of the components contained in such battery that were manufactured or assembled in North America is equal to or greater than the applicable percentage (as certified by the qualified manufacturer, in such form or manner as prescribed by the Secretary).”
New logistics, operational, accounting, and compliance functions need to be added to applications to collect the data, curate, and audit, report and analyze, and produce compliance submissions.
Over the next days, EkaLore will continue to help our clients consider the changes causing budget, resource, and attention allocations to be immediately changed to deal with the Inflation Reduction Act of 2022. If you’d like to get ahead of the competition and lessen the costs and resource impacts please contact us at EkaLore.
Comments