In the past, the U.S. relied upon foreign oil to power a substantial portion of its energy needs. In the future, the country may develop a similar dependence, relying on a global rival to provide key materials needed for electric vehicles.
The shift toward electrification has left the U.S. auto industry in a vulnerable competitive state amid heightened economic and security tensions between China and the U.S., according to a report issued Thursday, Sept. 24, by a Washington, D.C., think tank.
China has consolidated control of key supply chains needed to produce EVs at global scale, according to the report from Securing America's Future Energy, a nonpartisan group of military and business leaders that examines the convergence of energy policy and the transportation industry.
The U.S., on the other hand, remains dependent on imports for key minerals and materials needed to produce batteries, an imbalance that "should be deeply concerning" to policymakers …