Exclusive: U.S. legislation aims to thwart China’s electric-vehicle dominance

FILE PHOTO: A staff member hooks up a charging cable to an electric vehicle (EV) at a charging station in Liuzhou, Guangxi Zhuang Autonomous Region, China July 31, 2017. REUTERS/Stringer/File Photo

WASHINGTON (Reuters) – A U.S. senator plans to introduce legislation on Thursday to streamline regulation and permitting requirements for the development of mines for lithium, graphite and other electric-vehicle supply chain minerals, part of a plan to offset China’s dominance in the space.

While Tesla Inc, Volkswagen AG and other electric-focused automakers and battery manufacturers are expanding in the United States, they are reliant on mineral imports without a major push to develop more domestic mines and processing facilities.

U.S. Senator Lisa Murkowski, chair of the Senate’s Energy and Natural Resources Committee, told Reuters she will introduce the Minerals Security Act alongside Senator Joe Manchin.

“Our challenge is still a failure to understand the vulnerability we are in as a nation when it comes to reliance on others for our minerals,” said Murkowski, a Republican from Alaska.

China already dominates the electric vehicle supply chain.

It produces nearly two-thirds of the world’s lithium-ion batteries – compared with 5 percent for the United States – and controls most of the world’s lithium processing facilities, according to data from Benchmark Minerals Intelligence, which tracks prices for lithium and other commodities and held a Washington event on Thursday designed to bring together miners, regulators and politicians.

The meeting, attended by more than 100 people, featured speakers from Tesla, the U.S. Department of State and Department of Energy, as well as Standard Lithium Ltd, Pioneer Ltd and other companies working to develop U.S. lithium mines.

Reporting by Ernest Scheyder in Washington; Editing by Matthew Lewis

Source link

more recommended stories

  • Amazon under EU antitrust fire over use of merchant data

    BRUSSELS (Reuters) – Amazon became the.

  • Ericsson says on track for 2020 targets as second-quarter profit matches forecasts

    STOCKHOLM (Reuters) – Mobile network gear.

  • U.S. Justice Department asks appeals court to pause antitrust ruling against Qualcomm

    FILE PHOTO: A Qualcomm sign is.

  • Senate to grill Facebook over plans for Libra cryptocurrency

    WASHINGTON/NEW YORK (Reuters) – U.S. lawmakers.

  • Amazon rivals ride on Prime Day marketing as protests unfold

    NEW YORK (Reuters) – Amazon.com Inc’s.

  • Huawei to invest $3.1 billion in Italy but calls for fair policy on 5G: country CEO

    MILAN (Reuters) – China’s Huawei Technologies.

  • Amazon workers in Germany to strike over pay, Verdi union says

    FILE PHOTO: An Amazon sign is.

  • Israel holds 5G mobile network tender, aims for 2020 launch

    JERUSALEM (Reuters) – Israel launched a.

  • China’s Ping An to invest in education startup iTutorGroup

    BEIJING (Reuters) – Ping An Insurance.

  • U.S. regulators approve $5 billion Facebook settlement over privacy issues: source

    (Reuters) – The U.S. Federal Trade.

  • Japan sets up working group on impact of Facebook’s Libra ahead of G7

    TOKYO (Reuters) – Japanese authorities have.

  • Volkswagen zooms ahead in extension of alliance with Ford to electric, automated cars

    , NEW YORK (Reuters) – Ford.

  • Macquarie-backed MEIF 6 Fibre outbids USSL for telecoms firm KCOM

    (Reuters) – Macquarie-backed MEIF 6 Fibre.

  • Trump blasts Bitcoin, Facebook’s Libra, demands they face banking regulations

    WASHINGTON (Reuters) – U.S. President Donald.

  • Twitter back up partially after worldwide outage

    FILE PHOTO – The Twitter logo.

  • French Senate approves tax as U.S. opens probe into digital levy

    PARIS (Reuters) – France’s Senate on.

  • U.S. to probe French plan to tax tech companies

    WASHINGTON (Reuters) – U.S. President Donald.

  • Need quick medical advice in Britain? Ask Alexa

    (Reuters) – Britain’s state-run health service.

  • Appetizing prospects: Uber founder takes aim at South Korea’s shared kitchen market

    SEOUL (Reuters) – Chef Youm Jung-phil.

  • U.S. to provide licenses for sales to Huawei if national security protected

    WASHINGTON (Reuters) – The U.S. government.

  • Nine companies set prices for listings on China’s Nasdaq-style tech board

    SHANGHAI (Reuters) – Nine Chinese companies,.

  • Facebook not invited to White House social media summit: company

    WASHINGTON (Reuters) – Facebook Inc said.

  • The high-tech trade dispute rooted in Japan’s wartime history

    TOKYO/SEOUL (Reuters) – Japan has tightened.

  • Exclusive: U.S. clears SoftBank’s $2.25 billion investment in GM-backed Cruise

    (Reuters) – Cruise, a U.S. self-driving.

  • Amazon founder Bezos’ divorce final with $38 billion settlement: report

    FILE PHOTO: 2018 Vanity Fair Oscar.

  • Fugitive U.S. tech guru: Cryptocurrency is next Cuban revolution

    HAVANA (Reuters) – On the run.

  • Boxing with giants: Italy’s packing robots are not just cardboard cutouts

    (This June 28 story corrects Romaco’s.

  • TIM to extend 5G services to six more Italian cities by year-end

    FILE PHOTO: Telecom Italia new logo.

  • UK competition regulator puts brake on Amazon’s Deliveroo deal

    (Reuters) – Britain’s competition regulator has.

  • Sweden to investigate telecom operator Tele2’s June network outage

    STOCKHOLM (Reuters) – Sweden launched an.

  • U.S. asks federal court to throw out Huawei lawsuit

    The Huawei logo is pictured on.

  • BMW and Daimler team up on automated driving

    BERLIN (Reuters) – Some 1,200 developers.