The climate bill that just passed in the US Senate will provide incentives to both automakers and buyers. Photo: TNS
The climate bill that just passed in the US Senate will provide incentives to both automakers and buyers. Photo: TNS

US climate bill puts focus on breaking Chinese supply chain for electric vehicles

  • The legislation, which awaits Biden’s signature to become law, attempts to localise EV manufacturing, but the industry remains heavily reliant on China-linked components
  • China, Vietnam and Russia hold 70 per cent of global reserves of rare earth minerals critical for energy transition, according to a recent report

The climate bill that just passed in the US Senate will provide incentives to both automakers and buyers. Photo: TNS
The climate bill that just passed in the US Senate will provide incentives to both automakers and buyers. Photo: TNS
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