A bipartisan bill seeks to address how minerals, and access to the battery supply chain, is quickly becoming an issue of national security that will be similar to oil today
plans in late April to convert a factory near its Portland, Oregon headquarters to produce electric Freightliner trucks.
The movement towards electrification promises to deliver a tremendous range of benefits to American consumers and businesses. Oil is a volatile and internationally-traded commodity that is subject to rapid price shocks due to geopolitical instability, supply manipulations by OPEC, and fluctuations in the stock market.Electricity, meanwhile, is domestically-sourced and generated by a diverse mix of fuels.
The challenge, however, is ensuring that the U.S. does not exchange a dependence on OPEC’s oil for a dependence on China’s batteries and critical minerals supply. This topic will be front and center next week at aby the Senate Energy and Natural Resources Committee on the importance of mineral security.
At Securing America's Future Energy, we advocate for new transportation technologies that will reduce America's oil dependence - learn more
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