“But the U.S. battery firms say the proposal left loopholes for automakers to keep relying on Chinese products — something that could be a death knell for their projects, as signing offtake agreements with buyers is often a condition for their financing.
“The issue could even imperil the financing of projects that have reaped some of the billions of dollars in grants and loans the Biden administration has injected into the battery industry — potentially squandering those investments, said Abigail Hunter, executive director of the Center for Critical Minerals Strategy at the energy security group SAFE.”
Read the full article: China’s lock on batteries bedevils Biden’s electric vehicle push (April 24, 2024)
