But for now, China overwhelmingly dominates much of the EV supply chain, from the refining of minerals to the production of cathode and anode materials to the manufacture of battery cells and EVs themselves. EV and battery capacity in the U.S. may be set to expand roughly twentyfold over the next decade, but that’s starting from a minuscule share of global supply, as indicated by this chart from a July 2022 report by the International Energy Agency.
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