I've read this bit about the US Inflation Reduction Act EV car incentives:
to get the full $7,500 credit, the car has to:
- Have final assembly in North America; and
- 40% of the critical minerals in the battery must be sourced from the United States, or one of the 20 countries with whom we have an FTA. This 40% increases to 50% in 2024, 60% in 2025, 70% in 2026 and 80% in 2027.
The EU and South Korea have raised some concerns about the latter provision.
So, how many of the (just 20?) countries that have an FTA (free trade agreement) with the US also have operational mines of "critical minerals" for EV batteries?