The Electric Vehicle (EV) provisions of the Inflation Reduction Act provide a significant accelerant to America’s ongoing transition away from oil as the dominant fuel for transportation – a shift vital to our nation’s economic and national security. It is the first time America is seriously pursuing a comprehensive approach to lead the global energy transition – from mineral to the marketplace. By extending and lifting the cap on the tax credits to purchase EVs this legislation would sustain demand while the technology continues to develop to make them better and cheaper. Receiving comparatively less attention – but arguably as important – are the supply chain provisions that are designed to incentivize production of critical battery minerals and components within the U.S. and from reliable international partners, writes SAFE Chairman Admiral Dennis C. Blair, former Director of National Intelligence. Read more via RealClearEnergy here.
A Ramp, Not a Cliff, Needed to Build EV Battery Supply Chains
