RV_ Posted September 27, 2022 Report Share Posted September 27, 2022 Excerpt: "When it comes to electric vehicles and the Inflation Reduction Act of 2022, almost all of the discussion has been around the consumer tax credit for buying an electric vehicle, including the interesting new battery aspects of that. That’s a big topic, but there’s a whole other battery angle separate from the consumer tax credit, and it’s huge. The short summary of the whole thing is that the IRA incentives for nearly every stage of battery production and the battery supply chain are very attractive, and since they stack on top of each other, the IRA is likely to stimulate a “gold rush” of sorts in battery mineral mining, battery mineral refining, battery cell production, battery recycling, and battery pack production in the United States. When you also consider that consumers will need to get batteries whose components don’t come from China, and that come from North America eventually, then it’s essentially a given that everyone in the industry now knows it should have battery mineral mining and refining as well as battery cell and pack production in North America. The Current EV Battery Mineral Situation First of all, let’s note where we’re starting from. The USA currently mines and refines close to 0% of the minerals that go into EV battery packs. China, on the other hands, mines or refines the majority of all the big ones, including: lithium, cobalt, nickel, and graphite. Here’s a chart on Chinese EV battery mineral domination: More in the article here: https://cleantechnica.com/2022/09/23/the-really-big-battery-deal-in-the-ira-that-people-are-missing/?utm_source=pocket_mylist Quote RV/Derekhttp://www.rvroadie.com Email on the bottom of my website page.Retired AF 1971-1998 When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius “Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire Link to comment Share on other sites More sharing options...
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