While Canada produces only a tiny fraction of China's lithium-ion battery output today, the BloombergNEF analysis is focused on future battery supply chains.
While Canada produces only a tiny fraction of China’s lithium-ion battery output today, the BloombergNEF analysis is focused on future battery supply chains. Canada has overtaken China for the first time in BloombergNEF’s global lithium-ion battery supply chain ranking, claiming the top spot among 30 nations.
While Canada produces only a tiny fraction of China’s lithium-ion battery output today, the BloombergNEF analysis is focused on future battery supply chains. The win for Canada in 2024 comes as the federal government pours billions of dollars into support programs to expand domestic electric vehicle battery manufacturing. The Parliamentary Budget Officer estimates the total cost ofFor 2024, BloombergNEF looked at 46 metrics in five categories to measure each country’s potential to build a secure, reliable and sustainable lithium-ion battery supply chain.
“Canada is also a big winner of the ‘friendshoring’ ambitions of the Inflation Reduction Act,” the authors added. “The country’s position in BNEF’s ranking is propelled by policy commitment at both the provincial and federal level.”Killer Mike Breaks Silence After Being Handcuffed and Questioned by Police at 2024 Grammys: ‘I Will Ultimately Be Cleared’
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