# What the new Treasury rules mean for EV supply chains

- Show: [Catalyst](https://hardwarepodcasts.com/podcast/catalyst)
- Published: 2023-04-06
- Length: 33m
- Page: https://hardwarepodcasts.com/podcast/catalyst/2023-04-06-what-the-new-treasury-rules-mean-for-ev-supply-chains

## Summary

Sam Jaffe, VP of Battery Storage Solutions at E Source, explains the Treasury Department's new guidance on EV tax credits under the Inflation Reduction Act, specifically how 'constituent materials' like cathode active material are now classified as strategic minerals rather than battery components. He details the geopolitical implications, noting that this classification benefits free trade partners like Korea and Japan while creating tension with allies like Europe and domestic politicians like Joe Manchin who wanted stricter domestic content rules. Jaffe also discusses the recent surge in North American battery plant announcements and the lingering uncertainty regarding which Chinese entities will be designated as 'foreign entities of concern.'

## Chapters

- [0:02](https://hardwarepodcasts.com/podcast/catalyst/2023-04-06-what-the-new-treasury-rules-mean-for-ev-supply-chains#t=2) Introduction and IRA Context
- [3:50](https://hardwarepodcasts.com/podcast/catalyst/2023-04-06-what-the-new-treasury-rules-mean-for-ev-supply-chains#t=230) Supply Chain Activity and Plant Announcements
- [9:09](https://hardwarepodcasts.com/podcast/catalyst/2023-04-06-what-the-new-treasury-rules-mean-for-ev-supply-chains#t=549) Geopolitical Reactions and Free Trade Partners
- [11:12](https://hardwarepodcasts.com/podcast/catalyst/2023-04-06-what-the-new-treasury-rules-mean-for-ev-supply-chains#t=672) Tax Credit Mechanics and Constituent Materials
- [21:24](https://hardwarepodcasts.com/podcast/catalyst/2023-04-06-what-the-new-treasury-rules-mean-for-ev-supply-chains#t=1284) The Controversy Over Joe Manchin and Classification
- [27:20](https://hardwarepodcasts.com/podcast/catalyst/2023-04-06-what-the-new-treasury-rules-mean-for-ev-supply-chains#t=1640) Impact on Korea, Japan, and Tesla
- [29:46](https://hardwarepodcasts.com/podcast/catalyst/2023-04-06-what-the-new-treasury-rules-mean-for-ev-supply-chains#t=1786) Foreign Entity of Concern Uncertainty

## Topics

- [Policy, trade & tariffs](https://hardwarepodcasts.com/topic/policy-trade-and-tariffs)
- [Sourcing & supply chain](https://hardwarepodcasts.com/topic/sourcing-and-supply-chain)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)

## Most relevant to

companies scaling up

## Mentioned

- E Source (company)
- Tesla (company)
- Ford (company)
- CATL (company)
- Volkswagen (company)
- LG (company)
- Stellantis (company)
- Redwood Materials (company)
- Sumitomo Metals and Mining (company)
- Inflation Reduction Act (other)
- Joe Manchin (other)

## Related episodes from other shows

- [Europe Is Writing New Rules For Chips, Defense And EV Supply Chains: Alison James, Global Electronics Association](https://hardwarepodcasts.com/podcast/ems-c-level/2026-04-14-europe-is-writing-new-rules-for-chips-defense-and-ev-supply-chains-alison-james) (EMS@C-LEVEL)
- [Electric Car Superiority | The Supply Chain is All Mine | Cookies for Calculus](https://hardwarepodcasts.com/podcast/ee-times-current/2020-07-10-electric-car-superiority-the-supply-chain-is-all-mine-cookies-for-calculus) (EE Times Current)
- [EMS & The Economist - Chaos-as-a-Strategy and How Tariffs Are Changing Supply Chains (May 25)](https://hardwarepodcasts.com/podcast/ems-c-level/2025-05-28-ems-the-economist-chaos-as-a-strategy-and-how-tariffs-are-changing-supply-chains) (EMS@C-LEVEL)
- [EMS & the Economist with IPC Chief Economist Shawn DuBravac - July 2024](https://hardwarepodcasts.com/podcast/ems-c-level/2024-07-19-ems-the-economist-with-ipc-chief-economist-shawn-dubravac-july-2024) (EMS@C-LEVEL)
- [EMS & The Economist - Tariffs Special - April 13th, 2025](https://hardwarepodcasts.com/podcast/ems-c-level/2025-04-14-ems-the-economist-tariffs-special-april-13th-2025) (EMS@C-LEVEL)

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