U.S. - EU working on preliminary EV mineral agreement

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Written By Jennifer Joslyn

🇺🇸🇪🇺 U.S. - EU working on preliminary EV mineral agreement.

In the race to fully transition to green energy, investments are rampant on both sides of the Atlantic Ocean to integrate electric vehicles and other sources of clean energy. The minerals used to manufacture electric batteries represent the new gold rush, and the US federal government has introduced massive legislation to reward domestically run and domestically-sourced products. The EU has been seeking concessions to the IRA legislation allowing the tax incentives, citing the concern that this law will pose a great threat to Europe’s competitiveness in the sector. Leaders representing both nations are in talks to come to an agreement on the issue.

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Jennifer Joslyn
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