World News

32317 readers

805 users here now

News from around the world!

Rules:

Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc

founded 5 years ago

MODERATORS

[email protected]

China’s control over a crucial battery material will make it nearly impossible for any electric-vehicle makers to qualify for Biden's subsidy scheme, South Korea has warned. (www.ft.com)

submitted 6 months ago by [email protected] to c/[email protected]

8 comments fedilink hide all child comments

https://archive.ph/zGiVE

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 9 points 6 months ago (6 children)

But Chinese companies control more than 99 per of the global market for battery-grade graphite and 69 per cent of the market for synthetic graphite used in battery anodes, according to consultancy Benchmark Minerals Intelligence.

Without an exemption to the FEOC rules for battery makers to secure graphite from Chinese suppliers, it is possible that no vehicles will qualify for the generous tax credits that the Biden administration is offering EV buyers, Ahn Duk-geun, South Korea’s minister of trade, industry and energy, told the Financial Tim

[–] [email protected] 10 points 6 months ago

Sounds like a good way for them to say "sorry, we told you electric cars just can't work!"

load more comments (5 replies)