| Major American car manufacturers have been in discussions with Australian government officials about co-investing in critical mineral processing here.
Under the Biden administration’s Inflation Reduction Act, EV buyers only get a tax credit if at least 40 per cent of the EV inputs come from free trade agreement partner countries such as Australia. This percentage lifts to 80 per cent by 2028.The problem is that China processes 70 per cent of the world’s lithium and the US wants to be industrially more self-reliant in case the adversarial relationship between the two chokes supply.
The CEOs of six Australian critical minerals companies – Iluka, Australian Strategic Minerals, Cobalt Blue, Lynas, RZ Resources and VHM - visited Washington, DC in March to discuss how the two countries could speed up investment in the critical minerals supply chain.
you can come if you pay an appropriate amount of tax.... unlike the LNG operators
If ever you needed a working model that BEVs are an unsustainable dead-end continuation of the same environmental damage☝️🙄
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