Policy Summary

Policy Summary

A Year In Battery Policy

A Year In Battery Policy

2023: The year of more policy incentives, regulation for sustainability and securing critical mineral supply North America:

IRA EV tax credit updates. Initiatives to promote onshoring and EV sales including introduction of ‘Foreign Entity of Concern’ rules.

Asia:

Global policy takeaway/trends

Europe:

Europe favours introduction of new battery regulation to stimulate sustainability. Announcement of Critical Raw Materials Act to secure domestic battery material supply. Late 2023 announcements for additional financial incentives to boost innovation, local manufacturing and supply chain.

China introduces graphite export controls in response to US and EU preventing Chinese manufactured BEV access to incentives. China invests in non-domestic upstream supply. India launches national Advanced Cell Chemistry program..

Rest of World:

Emerging Market and Development Economy nations seek to strategically leverage critical mineral resources but fall behind in EV policy. Australia introduces Critical Mineral Strategy.

Extracted from the PDF; charts and images may read imperfectly.