Nick Carey: The U.S. Inflation Reduction Act triggers a race to recycle EV batteries in North America, challenging China s dominance. The act qualifies American-made subsidies for U.S.-recycled battery materials, boosting local factory building and encouraging research for recyclable batteries. As demand for EVs grows, China s virtual monopoly on battery recycling faces competition from a surge of U.S. recycling plants.
A little-publicized clause in the U.S. Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America, putting the region at the forefront of a global race.
Dead EV batteries turn to gold with U.S. incentives By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
A little-publicised clause in the US Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America, putting the region at the forefront of a global race to undermine China's dominance of the field.
The clause qualifies electric vehicle battery materials recycled in the US as American-made, allowing carmakers using US-recycled batteries to get subsidies