Powering change: As tariffs on batteries surge, U.S. companies must rethink supply chains

Lithium-ion batteries power our world—from the smartphones in our pockets to the appliances in our homes and electric vehicles on our roads.

There’s a problem, though: Last year, 74% of the lithium-ion batteries imported to the U.S. came from China, and tariffs on those batteries are rising fast, following the Biden administration's announcement that increases would take effect September 27th for select categories, including passenger vehicle batteries.  

American companies urgently need to assess their supply chains and adapt to new market realities.

Fortunately, there are solutions. Companies can unlock new opportunities by diversifying supply chains, engaging in regulatory processes, taking advantage of tax credits and other financial provisions, nearshoring production, investing in domestic manufacturing, and adopting alternatives to lithium-ion batteries.

In our new report, we explain the challenges and explore the strategies that can be used to overcome them. By making tactical changes, U.S. companies can create more resilient supply chains, drive sustainability and innovation, and ensure that they remain competitive in the rapidly evolving global battery market.

Download the full report for a deeper understanding of the issues and to read our recommended solutions.