Biggest News aggregator with 200 million news articles | vimarsana.com
to electric cars specifically and specifically electric vehicle batteries, china currently processes about 70% of the lithium that goes into these batterys. over 80% of the cobalt that is required in these batteries and over 90% of the manganese that goes into these the batteries. it has a stranglehold on the processing of ev batteries. now, the biden administration's approach has been since passage of the inflation reduction act to try to shore up some of those supply chains and bring them otto u.s. the problem -- to the u.s. the problem the administration if has is that by virtue of doing so, it virtually eliminated any electric cars that could possibly meet these types of requirements, you know, being sourced either in the united states or being manufactured by countries that are friendly to to the us. will: right. >> the administration is effectively trying its best to thread a needle, and it's doing so remarkably poorly.