U.S.-based plug-in vehicle producers and battery makers are faced with a problem of epic proportions. A recent report released by the subscription news service ClimateWire suggests that U.S.-made electric cars – and the associated high-tech li-ion batteries produced on U.S. soil – face a maze of export restrictions that will force many of the companies to set up shop abroad.
U.s. Electric Vehicle Market
According to a recent study released by McKinsey & Company, an international consultancy firm, the U.S. is at the top of a list as the country most likely to lead in the emergence of electric vehicles (EVs). The study looked at nine variables that may influence each country's likelihood of adopting EVs as a means for mass transportation, including production costs, electricity rates, government incentives and consumer interest.