Flaws in last year’s groundbreaking Inflation Reduction Act, designed to speed the U.S. energy transition, could end up slowing the adoption of electric vehicles. The IRA’s tax incentives for EVs exclude major potential suppliers of critical minerals, including Argentina, where the lithium sector is growing explosively.
Lithium Mining
Over the past two decades, Chile has been a place where businesses can operate in a regulatory environment shaped by steady and fair rules, while Argentina’s extensive regulations on prices, taxes and capital controls have made business difficult. However, when it comes to the lithium industry, that narrative has just been flipped.