America Is Driving Toward a New Supply Chain Crisis: Tim Culpan

US efforts to catch up in the race to expand EV battery production are promising, yet tax rebates and other incentives have left loopholes for foreign companies to exploit. If Washington wants to ensure the nation doesn’t face continued supply chain crises, just as it did with chips, then it needs to plug these gaps and move more quickly on initiatives to boost technological development.

The US lags China, South Korea and Japan in some of the most important components of lithium-ion battery production. With just 4.4% of global cell capacity, and at single-digit shares of separators, electrolytes, cathodes and anodes, the world’s largest ...