This Is What's Hard About Building a US Domestic Battery Industry
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 19 February 2024
⏱️ 58 minutes
🧾️ Download transcript
Summary
The growth of electric vehicles has heightened concerns about China's current dominance in lithium-ion batteries. So as part of the Inflation Reduction Act, the US government is spending money and providing tax credits to companies that are attempting to build up a domestic supply chain. So what are the real challenges to expanding America's battery-making capacity, both in terms of financing and operations? On this episode, we speak with Dr. Chris Burns, the founder and CEO of Novonix, a battery materials company with a focus on synthetic graphite manufacturing. He explains his company's role in the battery supply chain, the economics of domestic manufacturing, and how it employs the government's policy endeavors in its work.
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| 0:54.0 | Podcasts, Radio News. Hello and I'm Tracey Alaw Welcome to another episode of the Odd Lots Podcast. |
| 1:13.0 | I'm Joe Weisenth. |
| 1:14.2 | And I'm Tracy Allaway. |
| 1:15.4 | Tracy, I feel like a few years ago, |
| 1:17.0 | there was a lot of talk about, okay, |
| 1:19.1 | this EV battery boom is coming, and we don't have yet the raw materials the basic |
| 1:27.1 | commodities necessary to supply all the demand for that. |
| 1:30.5 | Yes I would say even before a few years. |
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