Automakers already made it clear that the rules that will be put into law thanks to the Inflation Reduction Act will likely cripple EV producers long before promoting them. This is because the US simply doesn’t have the battery material mining operations in place that are needed for the growing number of EVs on the road today. For background, the new US federal electric vehicle tax credit has strict requirements related not only to the EVs being manufactured in North America, but also to where the materials are sourced from. More specifically, the EVs’ batteries must be made with materials sourced domestically, or from a country that has a free trade agreement with the US. Read original article here.