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

by | Feb 21, 2023

Summary

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.

Read more here.

Wall Street Journal

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