Kevin Wamsley on his site 'Inside China Business' did an interesting analysis and discourse on EV batteries and what the USA is trying to do to prevent USA EV makers from relying heavily on Chinese EV batteries.
The USA is going all out now to build EV batteries at home but starting from scratch. China is already in control of all the essential raw materials that goes into such EV battery production. And the Chinese are well ahead in battery innovations for EVs.
The USA just have a plan and is just trying to start looking for those raw materials, with feasibility studies ongoing, and eventually hoping to start digging under the ground for the raw materials, build plants to process them and to feed their EV battery makers at home. How many years that will take is unknown and what will be the cost? Will investors bite? Of course, subsidies will be used as always, but for how long and how competitive can this all get?
In order to do entice investments, investors of such projects are demanding the USA Government set tariffs at 920% on Chinese batteries imported into the USA. USA EV makers are at present importing Chinese batteries amounting to almost US$2 billion a month.
If such astronomical tariffs become reality, USA consumers will shy away from buying EVs, which suits Trump's agenda of supporting fossil fuel extraction. And while the rest of the world continue to enjoy buying cheap Chinese EVs that cost half the price of USA or EU made EVs, USA consumers will have to make do with highly expensive EVs.
The USA has already lost the plot and trying to turn the tide on the spur of the moment. China already set in motion its plan to corner the EV battery market and EV production sector three decades ago. That is how China is now dominating this sector and many other sectors. Semiconductors and aviation will be the next frontier that China is eyeing. Do not bet against China.
Anonymous
2 comments:
Hello Americunts, better still go and enjoy your Winter, Spring, Summer and Autumn and again Winter Holidays and NOT to worry China and the Asia shall send their Swills for you to eat.
Global South and ASIA shall be the Giants of the Century.
Prepare yourselves to live in the Jungles.
Cheers
https://youtu.be/jfx_gwsWzGY?si=aXximZADbJLq1wB7
Vivek Ramasamy said bring more Indian engineers from India down and the Whites said "Hey these jobs are ours"
Vivek retorted" You are too stupid for these jobs"
We knew how to lug the cable lugs to the landing gears in the Boeing planes just like we did to the MRT rails in Sinking Land"
Dotard Dafts MAGAs idiots been conned.
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