It's not just the cost that we're talking about here. President Biden's press for fast adoption to electric vehicles was a gift to our greatest strategic adversary. That's because China controls the supply chains for a majority of the critical minerals required to produce EV batteries. 75% of lithium ion batteries, 70% of cathode, and 85% of anode production capacity required for EV batteries, as well as 50% of the processing facilities for lithium, cobalt and graphite are all located in China. (03:47–03:55)
CLAIM
Asserts that China controls supply chains for critical minerals for EV batteries.
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