A worker checks the cables on the battery for Ford Motor Co. battery-powered F-150 Lightning trucks under production at their Rouge Electric Vehicle Center in Dearborn, Michigan on September 20, 2022. JEFF KOWALSKY / AFP
The United States and Europe could free themselves from their dependence on China for electric vehicle batteries by 2030, if they invest about $160 billion.
This is the key finding of a new Goldman Sach forecast, which extrapolated the long-term effects of new Western funding of the sector and a political turn towards decoupling from the Chinese industry.
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