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04 Policy
04 Overview POLICY | Overview
04 POLICY | Overview
In 2023, a sweeping global transition is evident as nations prioritize sustainable practices and actively pursue the safeguarding of critical mineral supplies. In North America, strides are made with updates to IRA EV tax credits, reflecting a commitment to incentivize electric vehicle adoption. Meanwhile, in Europe, significant regulatory frameworks come into play with the introduction of the Battery Regulation and the implementation of the Critical Raw Materials Act, signaling a strategic move toward securing a stable domestic supply of essential battery materials. Simultaneously, China responds to global dynamics by enacting graphite export controls. India takes a bold step forward with the launch of the national Advanced Cell Chemistry program. Mineral rich nations seek to protect and leverage their strategic natural resources: Australia unveils the Critical Mineral Strategy, and Emerging Markets and Developing Economies make proposals for critical mineral strategies. Beyond regional boundaries, nations worldwide are actively pursuing financial incentives to catalyze innovation, bolster local battery manufacturing capabilities, and fortify supply chains.
Policy Summary
North America Asia
Rest Of World
Europe
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