On January 18, the Japan Automobile Manufacturers Association (JAMA) submitted comments to the Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) in response to the December 4, 2023, notice of proposed rulemaking (NPRM) regarding Section 30D Excluded Entities. Below is a summary of those comments.
Continue readingAs JAMA members remain committed to the transition to electrified vehicles and continue to invest in the transition. However, building and bringing new facilities online takes time, and the timelines associated with the Section 30D tax credit’s critical minerals requirements remain very challenging.
Continue readingStatement on Achieving Carbon Neutrality in Road Transport by 2050: Reaffirmation by the Automobile Industry
Continue readingWe welcome the fact that this agreement will maintain and enhance the cooperative relationship between Japan and the United States as allies.
Continue readingJAMA emphasizes the importance of broad and flexible incentives, consumer choice, and partnerships with allies, like Japan, to get more clean vehicles on American roads.
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