The inflation reduction act's requirement that EVs use critical minerals sourced from the US or free trade agreement countries was intended to onshore critical minerals processing to America, representing the 'onshoring' or autarky-oriented approach to de-globalization.

factualpending

Speaker

Roger Karma

Evidence Quote

for an EV to be eligible for one of the major tax credits in the bill it needed to be made with a certain percentage of critical minerals processed in the U.S [37:32]

Source

How Martin Wolf Understands This Global Economic MomentThe Ezra Klein Show
Created: 8/12/2026, 6:24:34 PM

My Notes

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