U.S. Car Makers’ EV Plans Hinge on Made-in-America Batteries

Wall Street Journal
February 22, 2023
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With an effort kicked off by the Inflation Reduction Act, billions of federal dollars have been spent on relocating EV battery supply chains to the U.S. The initiative requires extracting the material to build anodes, cathodes, separators and electrolytes in the U.S.

Companies and the U.S. government are shelling out billions of dollars to establish a supply chain for batteries in North America, a manufacturing effort that is critical to the auto industry’s long-range plans to put more electric vehicles on the road.  

Batteries are the most expensive component in an electric vehicle, accounting for about one-third of its cost.

American electric-car makers traditionally haven’t assembled batteries themselves. They rely on a far-flung supply chain. The raw materials are mined primarily in countries such as Australia, China, Congo and Indonesia. Chemical processing, battery components and assembly are mostly done by Chinese companies.

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Wall Street Journal
Wall Street Journal

The Wall Street Journal is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The Journal, along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp.

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