The United States is at a crucial juncture in navigating the balance between energy security and global supply chain dynamics. The article discusses the incorporation of Foreign Entities of Concern (FEOC) within the Infrastructure Law, which targets nations such as China, Russia, North Korea, and Iran. This inclusion aims to curb their influence in the domestic battery supply chains. The author also highlights the potential for the EV tax credit revolution in January 2024 and the Inflation Reduction Act (IRA) in 2022 as catalytic forces driving transformative shifts in policy. The states of Nevada and Arkansas have been key players in the development of lithium projects, with Nevada Governor Joe Lombardo’s five-year strategic plan focusing on expanding the state’s electric vehicle production, technological innovation and new infrastructure. The private sector has announced over $110 billion in new clean energy manufacturing investments, including over $70 billion in the electric vehicle supply chain and over $10 billion in solar manufacturing since President Biden was elected.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
