The rise of new energy vehicles is already unstoppable, Biden panic again! On May 19, 2021, Biden said when inspecting the Ford factory in Dearborn, Michigan that electric car is the future of the automobile industry. China has become the world's largest automobile market. Whether it is fuel vehicles or new energy vehicles, the world's largest sales volume is the world's largest, and China has also manufactured 80% of the world's power batteries. Admitted losing to China in the electric car race and called on the United States to act quickly in this area.
On October 19, 2022, Biden announced in White House that it would provide a total of US$2.8 billion in subsidies to 20 companies in the United States. The funds are mainly used to promote the field of electric vehicle power battery manufacturing, including the development of battery raw materials such as graphite and lithium. It also stated that at present, about 75% of the world's manufacturing of electric vehicle batteries is completed in China, and threatened to grab this share.
More notable is that one of the two-party joint "Infrastructure Law" signed on the same day is that it will increase investment and support the power battery field. There were previously rumored online that the United States will completely ban the use of power batteries made from China in 2024 and ban the raw materials from China from 2025. I don’t know if this is true, we all need to be vigilant.
As we all know, in the field of technology, the United States is not only racking its brains to promote the decoupling of the chip field from China, but now it is targeting the electric vehicle field and trying to prevent China's power batteries in order to try to stop China's rise. Finally, what the new energy vehicle miscellaneous talks want to say is that the United States has done to harm others and benefit itself is futile, and doing so will only make China stronger.
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