US storms to the front in race to develop non-China EV supply chains; is Europe even in the race?
The news that the Biden administration had allocated a combined US$2.8bn to battery supply chain projects as part of the Bipartisan Infrastructure Law lit a fire under the battery raw materials sector in October. The US government chose 20 projects in 12 states to benefit from its cash, including a number of projects at the raw material end of the supply chain. Coupled with the recent Inflation Reduction Act, it is now clear that the US government is taking provision of natural resources for its Energy Transition seriously. And, in that, it has overtaken the EU which, despite having recognised...
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