Manchin’s ultimatum may turn the US into a battery powerhouse

“Build it or else.”
That was the gist of U.S. Senator Joe Manchin’s discussions with the automotive industry regarding EV tax credits. Manchin, a Democrat from West Virginia, had grown increasingly concerned about China’s dominance of the lithium-ion battery market, and he told car companies that they needed to move vast swaths of the global battery supply chain out of China.
If they didn’t, they’d have to give up the lucrative tax credits in the Inflation Reduction Act that made their EVs more affordable for U.S. consumers.
The resulting law still grants consumers access to $7,500 worth of fe

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