China's Dominance in EV Battery Minerals Poses Challenge for US Attempts to Build Domestic Supply Chains
-
China dominates critical mineral supply chains needed for EV batteries, posing a challenge for US attempts to reduce reliance.
-
US has made just one critical minerals trade deal so far, with Japan; other potential deals have uncertainties.
-
US aims for EV supply chain fully domesticated by 2029, but doubts persist on achievability.
-
To accelerate EV adoption, US needs robust policy, incentives and technology to counter China.
-
Partnering with mineral-rich Canada could help fortify North American supply chains.