EV Batteries And China -- RBN Energy -- October 16, 2022

RBN Energy: can the US and its allies break China's stranglehold on batteries? Archived.

Global demand for electric vehicles (EVs) is on the rise, and with it demand for EV batteries and the key minerals needed to produce them. China is the world’s fourth-largest producer of lithium — perhaps the most important EV component of all — and is far-and-away the #1 lithium processor, giving it a critical edge over the U.S. and its democratic, capitalist trading partners as EV production and sales ramp up. 

The Biden administration and Congress have been taking a number of steps to enable the U.S. and its compadres to reduce — with an aim to end — our dependence on Chinese batteries going forward. One recent move by the U.S. was to provide EV subsidies only to vehicles whose batteries and battery components come from the U.S., Canada or other countries we can depend on through thick and thin. But much more substantial advances need to be made to encourage lithium production if there’s to be any hope of securing a significant portion of the minerals expected to be required for an energy transition. In today’s RBN blog, we discuss these efforts and the challenges the U.S. and its friends face in becoming “EV-battery independent.”

Biden is in fight with Saudi Arabia over oil.

Yesterday, he made things worse with semiconductors and China.

China could very well retaliate with rare metals.

Long term, there will be no shortage of rare metals, but the transition sourcing from China to the US will be very, very, very costly. The transition years? 2025 to 2035.