The Buy American provisions of the Inflation Reduction Act and Bipartisan Infrastructure Law are integral and necessary components of both programs, as they are designed to reduce reliance on materials from “entities of concern”. This includes China, which recently announced export restrictions on graphite, a critical material for electric vehicles (EVs). To address this issue, the White House has officially announced that these provisions will apply to foreign entities.
John DeMaio, CEO of graphite producer Graphex, believes that this announcement is a positive step for the industry. He explains that China currently controls 69% of the world’s graphite mining and over 90% of graphite processing, and that this news will help the US to get its own supply chains up and running. Graphex is partnering up with graphite miners around the world, and is building new facilities in Michigan and Quebec.
DeMaio believes that the White House’s announcement is a “fire alarm” to the EV industry that the China-based status quo is burning. He believes that the future of graphite supply will involve global mining and domestic processing, and that this announcement will help to get us there.
The Buy American provisions of the Inflation Reduction Act and Bipartisan Infrastructure Law are essential components of both programs, as they are designed to reduce reliance on materials from “entities of concern”. This includes China, which recently announced export restrictions on graphite, a critical material for electric vehicles (EVs). To address this issue, the White House has officially announced that these provisions will apply to foreign entities.
John DeMaio, CEO of graphite producer Graphex, believes that this announcement is a positive step for the industry. He explains that China currently controls 69% of the world’s graphite mining and over 90% of graphite processing, and that this news will help the US to get its own supply chains up and running. Graphex is partnering up with graphite miners around the world, and is building new facilities in Michigan and Quebec to ensure a secure, stable, and abundant critical mineral supply chain.
DeMaio believes that the White House’s announcement is a “fire alarm” to the EV industry that the China-based status quo is burning. He believes that the future of graphite supply will involve global mining and domestic processing, and that this announcement will help to get us there. By incentivizing producers to build new supply chains, the Buy American provisions of the Inflation Reduction Act and Bipartisan Infrastructure Law are essential for encouraging electrification.
FAQ
Q1: Are electric car batteries recyclable?
A1: Yes, electric car batteries are recyclable.
Q2: Are electric car chargers free?
A2: It depends on the charger and the location. Some electric car chargers are free, while others may require a fee.
Q3: Can electric car batteries be rebuilt?
A3: Yes, electric car batteries can be rebuilt with the right tools and knowledge.
