Part 2:
If a vehicle only meets one of these two requirements, it qualifies for a $3,750 tax credit.
- 50% of the value of battery components must be produced or manufactured in North America in fiscal year 2023, with the minimum percentage increasing annually.
- 40% of the value of critical minerals used for the vehicle must be extracted, processed, and/or recycled domestically or in a country the U.S. has a free trade agreement with, with the minimum percentage increasing annually. EV manufacturing requires a range of minerals, including cobalt, copper, nickel, graphite, and lithium.
Current cost structure of EV battery
60kwh 82kwh 1 25 kt to 50 kg LCE $1,000 $2,000 2 15kg Nickel $300 $300 3 3kg Cobalt $90 $90 4 500g of Neodymium-Praseodymium $75 $75 5 $1,465 $2,465
50ktpa plant can provide enough lithium for 1 million battery.
According to Google, replacement cost of 82 kwh is around $5K to $17K.
Fascinating tlow payback ratio for gigafactories buying Phoenix and spending $1.5bn CAPEX for producing 50ktpa plant.
- Forums
- IPOs
- Phoenix Water - PXW - Lithium - 100x
Part 2:If a vehicle only meets one of these two requirements, it...
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