Bloomberg Intelligence: Biden Impact on U.S Carmakers, Fed Minutes, Nvidia Earnings
Bloomberg Intelligence
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Challenges and Complexities of Boosting the US EV Industry
The chapter explores President Biden's efforts to bolster the EV industry in the US and reduce reliance on China for manufacturing and supply chains. It discusses the resistance from manufacturers and political figures like Joe Manchin, highlighting the complexities of shifting towards domestic production and securing a robust supply chain for electric vehicles. The conversation also delves into the dominance of China in key materials like nickel and lithium graphite, the challenges faced by the automotive industry in establishing localized battery supply chains, and the evolving narrative around electric vehicles in the US market.
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