1) C RITICAL MINERALS REQUIREMENT.—
‘‘(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
applicable critical minerals (as defined in section 45X(c)(6))
contained in such battery that were—
‘‘(i) extracted or processed—
‘‘(I) in the United States, or
‘‘(II) in any country with which the United
States has a free trade agreement in effect, or
‘‘(ii) recycled 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).
‘‘(B) APPLICABLE PERCENTAGE.—For purposes of
subparagraph (A), the applicable percentage shall be—
‘‘(i) in the case of a vehicle placed in service after
the date on which the proposed guidance described
in paragraph (3)(B) is issued by the Secretary and
before January 1, 2024, 40 percent,
‘‘(ii) in the case of a vehicle placed in service during
calendar year 2024, 50 percent,
‘‘(iii) in the case of a vehicle placed in service
during calendar year 2025, 60 percent,
‘‘(iv) in the case of a vehicle placed in service
during calendar year 2026, 70 percent, and
‘‘(v) in the case of a vehicle placed in service after
December 31, 2026, 80 percent.
‘‘(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).
‘‘(B) APPLICABLE PERCENTAGE.—For purposes of
subparagraph (A), the applicable percentage shall be—
‘‘(i) in the case of a vehicle placed in service after
the date on which the proposed guidance described
in paragraph (3)(B) is issued by the Secretary and
before January 1, 2024, 50 percent,
‘‘(ii) in the case of a vehicle placed in service during
calendar year 2024 or 2025, 60 percent,
‘‘(iii) in the case of a vehicle placed in service
during calendar year 2026, 70 percent,
‘‘(iv) in the case of a vehicle placed in service
during calendar year 2027, 80 percent,
‘‘(v) in the case of a vehicle placed in service during
calendar year 2028, 90 percent,
‘‘(vi) in the case of a vehicle placed in service
after December 31, 2028, 100 percent