Inflation Reduction Act: Sourcing Materials and Making Batteries Are Challenging

17 Aug 2022 | Abstracted from The Hill

"The [Inflation Reduction Act] lays out some tough - and dramatic - engineering challenges for EV batteries...According to the bill, in just six short years, receiving a tax credit for an EV would require its entire battery to be manufactured domestically.

"Potentially even more challenging than building the facilities that assemble battery parts is acquiring all the materials they contain...lithium, copper, manganese, nickel and cobalt."

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