Welcome to Commerce, Ga., the Battery Belt.
Carmakers may need several years to revamp their supply chains to meet new rules, but the legislation is still seen as a win for electric vehicles.
There may be better ways to slow global warming, but this legislation is a big step forward.
Demand for electric vehicles has been far stronger than the supply of battery materials like lithium, nickel and cobalt.
There has been a surge in the sales of cars that can travel short distances on just electricity and have a gasoline engine for longer trips.
The Senate’s proposal aims to accelerate electric car sales and promote domestic battery manufacturing at China’s expense.
The announcement Wednesday of an agreement in the Senate almost instantly reset the role of the United States in the global effort to fight climate change.
General Motors says it has "contractually secured" all battery raw materials to meet its goal of establishing annual North American production capacity for 1 million EVs by 2025. That confirmation came as part of announcements of two supply deals for raw materials, including one with lithium supplier Livent for lithium hydroxide. The material...
The loan will help the automaker and its supplier build electric vehicle battery factories in Ohio, Tennessee and Michigan.
The automaker said it had reached deals to acquire more battery packs in its push to produce 600,000 electric vehicles a year by the end of 2023.