The US government wants more certainty in the supply of raw materials for the batteries of electric cars. Now China is still one of the main suppliers of those raw materials for these EVs. The White House wants to reduce that dependence and, for example, focus more on domestic production.
This concerns, for example, raw materials such as lithium, copper, cobalt, vanadium and manganese. The White House said it needed to work with allies to secure supplies of such raw materials. The United States will provide more funding for international investment in resource mining projects. More work is also being done on the recycling of old batteries.
Furthermore, the administration of President Joe Biden will look at how to increase domestic production. Miners in the US face strict regulations and resistance from environmental groups, making it difficult to start new projects. Washington will now look into regulatory changes so that more projects can be safely launched.
Biden wants to do a lot of work on electric driving in the US. He wants to allocate many billions of dollars to improve the charging station infrastructure. The Democrats’ goal is to have the majority of US-built cars electric by 2030. By 2040, all cars on American roads must be electrically powered.