Section 1 Short title
This Act may be cited as the “Affordable Electric Vehicles for America Act of 2022”.
Affordable Electric Vehicles for America Act of 2022
A BILL
To amend the Internal Revenue Code of 1986 to temporarily suspend application of the requirement that final assembly of vehicles occur within North America for purposes of the clean vehicle credit, and for other purposes.
Sec. 2 Adjustment of certain requirements for clean vehicle credit
Final assembly— Subparagraph (G) of section 30D(d)(1) of the Internal Revenue Code of 1986, as added by section 13401(b) of Public Law 117–169, is amended by inserting “in the case of any motor vehicle sold after December 31, 2025,” before “the final assembly”.
Critical minerals and battery components— Section 30D of the Internal Revenue Code of 1986, as amended by section 13401 of Public Law 117–169, is amended—
in subsection (d)(7)—
in subparagraph (A), by striking “December 31, 2024” and inserting “December 31, 2025”, and
in subparagraph (B), by striking “December 31, 2023” and inserting “December 31, 2024”, and
in subsection (e)—
in paragraph (1)(B)—
in clause (i), by striking “after the date on which the proposed guidance described in paragraph (3)(B) is issued by the Secretary and before January 1, 2024” and inserting “during calendar year 2026”,
in clause (ii), by striking “2024” and inserting “2027”,
in clause (iii), by striking “2025” and inserting “2028”,
in clause (iv), by striking “2026” and inserting “2029”, and
in clause (v), by striking “December 31, 2026” and inserting “December 31, 2029”,
in paragraph (2)(B)—
in clause (i), by striking “after the date on which the proposed guidance described in paragraph (3)(B) is issued by the Secretary and before January 1, 2024” and inserting “during calendar year 2026”,
in clause (ii), by striking “2024 or 2025” and inserting “2027 or 2028”,
in clause (iii), by striking “2026” and inserting “2029”,
in clause (iv), by striking “2027” and inserting “2030”,
in clause (v), by striking “2028” and inserting “2031”, and
in clause (vi), by striking “December 31, 2028” and inserting “December 31, 2031”, and
in paragraph (3)(B), by striking “December 31, 2022” and inserting “December 31, 2025”.
Effective date— The amendments made by this section shall take effect as if included in the enactment of section 13401 of Public Law 117–169.