‘Substantial opportunities’ to diversify mineral and battery supply chains lie on both sides of the Atlantic, US and EU officials said.President Biden and European Commission President Ursula von der Leyen met last week to discuss, among other topics, “building the clean economies of the future.”
Within the US, a battery assembly ecosystem is building up in the South and Midwest, with much concentration in Georgia.electric-vehicle content Automakers would have to source and process 40% of “critical mineral and battery” components by 2024, ramping up to 80% by the end of 2026, from North America or a US free trade partner.in a meeting last November with French President Emmanuel Macron. After Congress passed the IRA in 2022, the newly formed Joint Office of Energy and Technology began tweaking EV incentive details. Meanwhile, the European Commission objected to its “protectionist” provisions.
Source: Loan Digest (loandigest.net)
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