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

  • China calls out U.S. ‘wrong actions’ as Huawei ban rattles supply chains

    BEIJING (Reuters) – China said the.

  • U.S. lawmakers want to help rural telecoms replace Huawei, ZTE equipment

    WASHINGTON (Reuters) – A bipartisan group.

  • Allianz leads C$100 million funding round for fintech Wealthsimple

    LONDON (Reuters) – German insurer and.

  • U.S. could blacklist Chinese surveillance tech firm Hikvision: NYT

    (Reuters) – The U.S. administration is.

  • U.S. eases curbs on Huawei; founder says clampdown underestimates Chinese firm

    SHANGHAI/NEW YORK (Reuters) – The United.

  • Self-driving trucks begin mail delivery test for U.S. Postal Service

    (Reuters) – The U.S. Postal Service.

  • Retailer Amazon nears victory in rainforest battle over domain name

    FILE PHOTO: Staff chat at the.

  • Infineon suspends shipments to Huawei: Nikkei

    FILE PHOTO: A close-up of the.

  • U.S. intellectual property complaints a ‘political tool’: China state media

    SHANGHAI (Reuters) – Chinese state media.

  • Exclusive: Google suspends some business with Huawei after Trump blacklist – source

    FILE PHOTO: Visitors walk past Huawei’s.

  • Huawei founder says growth 'may slow, but only slightly' after U.S. restrictions

    Huawei Technologies’ founder and chief executive.

  • Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers

    (Reuters) – The U.S. Commerce Department.

  • German finance minister expects OECD deal on digital tax in 2020

    Finance Minister Olaf Scholz addresses a.

  • Lyft is sued by investors over IPO

    FILE PHOTO: The Lyft logo is.

  • GMC trucks to deploy adaptive cruise control system

    The GMC logo is seen on.

  • Baidu swings to net loss for first time since listing, shares fall

    (Reuters) – Chinese search engine operator.

  • Huawei ban clouds U.S.-China trade talks, tech sector

    WASHINGTON/BEIJING (Reuters) – A U.S. bid.

  • Tesla to update battery software following car fires

    (Reuters) – Tesla Inc will update.

  • SpaceX to launch first satellites for Musk’s Starlink internet service

    CAPE CANAVERAL, Fla. (Reuters) – Elon.

  • FCC ready to let phone companies use tools to block robocalls

    WASHINGTON (Reuters) – U.S. Federal Communications.

  • Facebook restricts Live feature, citing New Zealand shooting

    SAN FRANCISCO (Reuters) – Facebook Inc.

  • FCC to take ‘fresh look’ at opening key 5.9 GHz spectrum band

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

  • Huawei is not controlled by China, executive says

    FILE PHOTO: The Huawei logo is.

  • Ex-Autonomy CFO sentenced in U.S. to 5 years prison over Hewlett-Packard fraud

    (Reuters) – The former chief financial.

  • Exclusive: Amazon rolls out machines that pack orders and replace jobs

    SAN FRANCISCO (Reuters) – Amazon.com Inc.

  • U.S. presidential contender Kamala Harris favors look at breaking up Facebook

    WASHINGTON (Reuters) – Democratic presidential candidate.

  • Now you can explore a cave without actually going into a cave

    CHYNOVSKA JESKYNE, Czech Republic (Reuters) –.

  • U.S. says Huawei lawyer’s prior work at Justice Department poses conflicts

    (Reuters) – Huawei Technologies Co Ltd.

  • U.S. investor awarded $75 million in cryptocurrency crime case

    NEW YORK (Reuters) – U.S. entrepreneur.

  • Facebook rejects co-founder call for breakup, senator urges U.S. antitrust probe

    WASHINGTON (Reuters) – Facebook Inc quickly.

  • AT&T’s Mexico unit loses class action lawsuit to consumer watchdog

    FILE PHOTO: The AT&T logo is.

  • Uber set to debut on NYSE, hopes to avoid Lyft’s fate

    (Reuters) – Ride services giant Uber.