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How the Inflation Reduction Act’s EV Tax Credit Will Reshape Supply Chains

QAD

The automotive industry is undergoing a massive technological transformation toward vehicle electrification and the shift presents huge opportunities for manufacturers that do business in the US, especially since the passage of the Inflation Reduction Act in August 2022. That’s right.

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EV segment will likely depend on China for many years

Resilinc

Canada, for example, recently ordered three Chinese firms to divest tens of millions in equity from three Canadian firms developing lithium, tantalum, and cesium within Canada and in South America. Since declaring in June 2021 that China’s dominance of critical minerals supply chains threatened U.S. and foreign automakers.

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