Overview

Key Events In 2024 MAY

AUGUST

OCTOBER

DECEMBER

China issues draft rules to regulate Li battery expansion, reducing manufacturing projects that ‘purelyʼ expand production capacity. US imposes tariffs against a range of high-tech products from China, including 100% tariffs on EVs and 25% on EV batteries.

A number of new requirements under the EU Batteries Regulation 2023/1542 start to apply.

South Korea requires automakers to disclose cell and battery information.

China announces stringent export restrictions on rare earth minerals and bans their shipments to the US. China also removes the export tax rebate on a range of battery-related products.

In China, tax exemption policy for NEV begins, effective until 2027. EVs purchased before end of 2025 exempt from purchase tax up to RMB30,000. EU announced €4b of state aid investments in new factories producing electric batteries for cars, heat pumps and solar panels.

European Commission announced provisional penalty tariffs ranging from 17.4% to 38.1% against EVs imported from China.

The Department of Energy announced $3B+ funding for 25 projects across 14 states, aiming to boost the production of advanced batteries and materials for EVs.

Chinaʼs Ministry of Commerce set out a proposal to restrict the export of certain LxFP CAM and lithium processing technologies.

JANUARY

JUNE

SEPTEMBER

JANUARY 2025

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