The #US Just Can’t Match #China’s Industrial Heft
The American attempt at an industrial policy to build electric vehicles and batteries has, once again, fallen flat. The recently released list of firms selected for $2.8 billion of funding shows as much. They look more like late-stage R&D projects than companies ready to scale.
It’s unclear where the supplies of nickel, lithium and cobalt will come from, or how the US plants will scale up, because most of the investment has been allocated toward yet-to-be fully-proven powerpack technology that’s still not commercially viable. In the meantime, large battery makers have announced big plans — and they too will require supplies.