Many companies and investors are eager to recycle batteries but it could take a decade or more before enough used lithium-ion batteries become available.
Draining of emergency oil reserves draws criticism that the White House is trying to lower gas prices with midterm election politics in mind.
The project also illustrates how difficult it is to get lithium out of the ground and break China’s dominance in processing the metal and turning it into batteries.
Investments in battery factories, solar panel manufacturing and mining will help the Biden administration meet targets for reducing greenhouse gases.
E.V.s will bring down emissions, but the materials needed to build them have other environmental costs. We explain why, and talk about ways to limit the harm.
One way is through investing in companies that make batteries for those vehicles and those that mine and process the minerals in the batteries.
Ties to potentially coercive labor practices could prove a problem for an industry that is heavily dependent on China, once a new law barring Xinjiang products goes into effect.
The Biden administration is planning a major shift to electric vehicles, but experts say it requires a secure, resilient supply of critical minerals.
The prize: batteries that would be cheaper, faster to charge and less vulnerable to raw material shortages. Whoever gets there first will have a major advantage.
Chinese and Australian investors had been lining up to explore for lithium, a metal that is critical to batteries and the world’s transition to clean energy.