Strict new IRA tax credit rules aim to boost domestic industry but could slow transition from petrol

US moves to choke China’s role in electric vehicle supply chain::Strict new IRA tax credit rules aim to boost domestic industry but could slow transition from petrol

  • mannycalavera@feddit.ukEnglish
    205·
    8 months ago

    As well as dominating EV and battery production, China processes more than half of the world’s lithium, cobalt and graphite, which are crucial inputs.

    🤣 Looking at those charts, the US is fucked. Why wouldn’t you use this as an opportunity to accelerate trade and cooperation based on a greener future? As hard as that sounds don’t we want our politicians to do the hard graft and negotiation that is necessary?

    But if course not, let’s do Cold War 2 EV Boogaloo instead.