The legislation adds fuel to a major push for a US battery supply chain. But inconvenient geography is the least of the challenges ahead.
battery materials is often spun as a tale of inconvenient geography. In many ways, this is true. There’s cobalt from the Congo. Indonesian nickel. Latin American lithium. But there’s one critical material for which this isn’t the case: graphite. The material, which is the biggest component of battery cells by weight, isn’t a rare metal. It’s an arrangement of six carbon atoms that can be dug up basically anywhere in the world, including from large deposits in the United States and Canada.
And yet, of all the critical materials that go into batteries, including those geographically constrained metals, the US is perhaps least equipped to produce its own EV-quality graphite. In fact, all of it is produced by China. Last year, when the federal government considered letting exemptions for tariffs on Chinese graphite products expire, domestic automakers The bill amounts to a sweeping attempt to stand up a US-led supply chain for the next generation of vehicles.
That’s gonna be tough. The legislation’s particulars could still change before it’s signed, and the Internal Revenue Service will ultimately determine which vehicles qualify for the credits. But the Alliance For Automotive Innovation, a trade group that represents most global automakers in Washington, says the current stringent rules will disqualify 70 percent of the EVs currently on the US market.
of the bill by the Congressional Budget Office projects just 11,000 vehicles would receive the full credit in 2023.and many EV buyers face daunting waitlists, proponents of the restrictions say the country no longer needs tools like tax credits to convince people to buy battery-powered cars. Instead, the subsidies are an ambitious bid to change how automakers build them.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
What's at stake in Ukraine and why the US must careThe world is on the brink of a third world war, this time with the major combatants having nuclear weapons. The world has been in a state of relative peace and prosperity ever since the collapse of the Soviet Union in 1991 — but no longer.
Leer más »
Inflation Reduction Act could fund an environmental justice hub in northeast Houston, Rep. Jackson Lee saidU.S. Rep. Sheila Jackson Lee wants environmental justice funds in the Inflation Reduction...
Leer más »
China announces new military drills as U.S. congressional delegation visits TaiwanChina announced more military drills around Taiwan as the island's president met with members of a new U.S. congressional delegation on Monday, threatening to renew tensions between Beijing and the U.S. after a recent visit by House Speaker Nancy Pelosi.
Leer más »
China announces new drills as US delegation visits TaiwanIn those drills, China's military fired missiles over the island and sent warplanes and navy ships across the Taiwan Strait's midline.
Leer más »