The global battery market will be worth about $116 billion a year by 2030 — up from around $28 billion now. But the U.S. is on course to capture only a small piece of that.
Tesla Inc. laid out a road map to build a $25,000 car by 2023 and eventually 20 million cars a year, part of the company’s first-ever and highly anticipated “Battery Day” event.
The U.S. chip industry says as much as $50 billion in federal incentives will be needed to halt a decades-long trend of manufacturing moving overseas as China spends heavily to become a leading semiconductor producer.
Taiwan sits squarely in the middle of the worsening dispute between Beijing and Washington, with many of its companies operating factories in China manufacturing for American companies.
The U.S. and Europe’s ambition to boost production of rare raw materials used in electric vehicles and wind turbines and reduce dependence on China will face obstacles, including higher costs and environmental concerns.
Companies routinely set targets for reducing their greenhouse gas emissions. But a new kind of environmental target is emerging that has been likened to paying reparations to victims of past injustice.
U.S. House lawmakers introduced a bipartisan bill aimed at reducing dependence on China for rare earths used in everything from electric vehicles to missiles to wind turbines.