The challenges of mining for electric-vehicle batteries
In August 2022, Congress passed the Inflation Reduction Act (IRA). Signed by President Joe Biden, the legislation attempted to curb inflation, lower the deficit, and invest heavily into domestic clean energy.
One aspect of the bill was setting a market value-based target for battery-critical mineral content in electric vehicles (EVs). By 2027, for an EV to be tax-credit eligible, 80 percent of the market value of critical minerals in its battery must be extracted or processed domestically or by US free-trade partners (FTPs).
While this goal is well-intended, there are reasons to believe the mandate is unreachable and could create new problems.
In a commentary published ...











