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Battery Supply Chains

All articles tagged with #battery supply chains

trade-and-economy2 years ago

China's Export Restrictions on Key Battery Material Raise Concerns for Battery Supply Chains

China has imposed export controls on graphite, a crucial mineral used in steel and electric car batteries, escalating the trade dispute with the United States over clean energy technologies. The restrictions, effective from December 1, ban the export of artificial graphite and products made with it without government permission. China is the world's top producer and exporter of graphite, with the US being the largest importer. As demand for graphite grows, the US is seeking alternatives to China, with a focus on countries in Africa. Efforts to permit new mines in the US have faced opposition due to concerns about pollution. China's dominance in critical minerals has prompted other countries to prioritize domestic mining and processing.

business2 years ago

Biden administration limits tax credit for electric vehicles.

New rules proposed by the U.S. Treasury Department will reduce the number of electric vehicles (EVs) that qualify for the full $7,500 federal tax credit, with many only receiving half. The rules, which take effect on April 18, aim to reduce U.S. dependence on China and other countries for battery supply chains for EVs. The new rules will help consumers save money on EVs and gas, while creating American manufacturing jobs and strengthening energy and national security, according to Treasury Secretary Janet Yellen. However, some lawmakers and analysts have expressed concerns that the rules could slow consumer acceptance of EVs and delay President Joe Biden's goal of having half of new passenger vehicles sold in the U.S. run on electricity by 2030.