The U.S. Commerce Department's proposed 93.5% tariff on graphite imported from China may raise EV prices and complicate supply chains for automakers. Presently, over 90% of the world’s graphite, critical for lithium-ion battery anodes, is processed in China. The U.S. lacks domestic production capacity for graphite and is facing challenges with expiring federal EV tax credits and weakened fuel economy standards. Several American companies are working to develop local graphite sources in states like Alabama and New York, aided by federal funding efforts.
The Commerce Department has proposed steep tariffs on graphite, a critical material used in the anodes of lithium-ion batteries, which could negatively impact EV prices.
Over 90% of the world's graphite is processed in China, making U.S. dependence on imported graphite a vulnerability in the EV supply chain.
Collection
[
|
...
]