Tesla expects tax credits from the US Inflation Reduction Act (IRA) to be worth $150-250 million per quarter this year to the automaker and increase through the year as its car volumes grow, according to the company’s chief financial officer

European metal industry association Eurometaux has called on the European Commission to follow the lead shown by the Inflation Reduction Act and deliver a “powerful” policy to support the industry in the EU while it tries to keep up with the move to a new generation of energy markets

The EU and US have recently introduced four key policies and laws to support local economies, secure battery material supply chains and accelerate the move towards a new generation of energy markets

The United States Department of Energy (DoE) has announced $39 million in new subsidies aimed at developing the country's domestic “critical minerals” supply chain

New electric vehicle (EV) battery plant announcements have exploded in the United States, however critical supply chain questions remain unsolved

The Inflation Reduction Act in the United States may ironically cause global metal market prices to rise for some metals used in electric vehicles (EVs), Fastmarkets sources said

The impact of the new Inflation Reduction Act on electric vehicle supply chains including the making and assembly of battery components