Picking winners in US EV battery supply chain revolution

The US hopes a generous tax credit incentive will spur electric vehicle battery manufacturers to start locating sourcing and production facilities in North America.

The US is attempting to wrestle control of the electric vehicle battery supply chain away from China, and its weapon of choice is the Inflation Reduction Act. But imposing regulations on a sprawling and complex part of the global economy is a major challenge. Despite US regulators’ clear intentions, there is still uncertainty over which countries and companies stand to gain.