The Inflation Reduction Act: can the US shift China from its battery supply chain? Report

Insight 20 December 2022

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Report summary

The signing of the IRA heralds the beginning of a decade-long investment into domestic supply chain players, hoping to build out the capacity required to meet the IRA’s targets. This insight looks into where the US sits in battery self-sufficiency, whether it can hope to meet the IRA’s targets for EV incentives this decade, and the impact of the IRA on the US’s relationship with both friends and rivals in the industry.

The US looks to wean itself off China
How to build an IRA-eligible EV
Are the Clean Vehicle targets achievable?
The carrot for producers – the Advanced Manufacturing Production Credit
Cutting out China will be unrealistic for most models

Tables and charts

This report includes 5 images and tables including:

Minimum proportions, by value, for IRA eligibility
Raw material value content of NMC811 cells
Raw material value content of LFP cells
Wood Mackenzie’s base case forecast for regional supply compared with demand from US EVs in 2030
Wood Mackenzie’s base case forecast for regional supply compared with demand from US EVs in 2030