SOURCE:
Despite tax credits and incentives, it will be very difficult, and costly, to bring electric vehicle battery production to the US.
China currently assembles 76% of the world’s batteries. Materials needed for the batteries are mostly outside the US.
The Wall Street Journal has an interesting video article Taking Apart an EV Battery Illustrates Why ‘Made in America’ Will Be Tough Taking Apart an EV Battery Illustrates Why ‘Made in America’ Will Be Tough (wsj.com)
President Biden’s Inflation Reduction Act calls for at least 50% of an electric vehicle’s battery to be made in the U.S. to qualify for a federal discount. WSJ’s George Downs breaks down a battery to explain why that’s going to be a challenge.