President Biden and the European Commission president are set to discuss how to effectively counter Russia and a potential trade deal for electric vehicles.
American and European officials are trying to reach agreement on the outlines of a limited trade deal that could help resolve a major rift over America’s new climate legislation.
The Biden administration has faced backlash in Europe and Asia over its plans to bolster electric vehicle and battery production.
And quick.
An agreement with the White House to allow electric cars made by other automakers is part of a broad drive to improve charging and increase sales of battery-powered vehicles.
If it fails or misfires, then it will greatly limit the number of tools to fight climate change or a recession.
Competition, government incentives and falling raw material prices are making battery-powered cars more affordable sooner than expected.
The loan will help accelerate Redwood Materials’ plans to produce components for electric car batteries from new and recycled sources.
Countries are pursuing new solutions to try to mitigate climate change. More trade fights are likely to come hand in hand.
Hanwha Qcells expects to make solar panels and their components in the United States to take advantage of President Biden’s climate policies.