Battery makers would get bigger tax breaks for making parts in the U.S.
This bill would give bigger tax breaks to companies that make battery parts in the U.S. It would increase a key tax credit from 10% to 25% for certain materials. It would also extend how long these tax breaks are available and add rules to prevent using materials from certain foreign entities.
Today, companies making electrode active materials for batteries get a 10 percent tax credit, and credits for critical minerals generally phase out starting in 2030. If this bill becomes law, the tax credit for electrode active materials would increase to 25 percent, and the phase-out for critical minerals would be extended to 2041-2044. Also, battery components using critical minerals from certain foreign entities would no longer qualify for the credit after December 31, 2026.
HR 7473 · 119th Congress · February 10, 2026 · AI Summary by gemini-2.5-flash · 9/10
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