US makes Moroccan lithium more competitive

US makes Moroccan lithium more competitive

April 25, 2023 – 5:00 PM – Economy


The United States Senate-approved bill on Green Energy and Climate offers a tax credit of up to $7,500 for the purchase of an American electric car. The move will strengthen the competitiveness of lithium produced in Morocco, Israel, Jordan and other countries.

According to the U.S. Treasury Department, more than a dozen new models and some of their variants can take full or partial advantage of the new credit. CNN. A small number of models – mainly foreign-manufactured vehicles – are currently ineligible. So far, only vehicles from the “big three” U.S. electric vehicle makers — Ford, General Motors and Stellar — and Tesla have qualified for the new credit.

Also Read: Good Quality Manganese Discovered In Morocco

Senior government officials said the new rule would make lithium more competitive for countries that have trade deals with the U.S. on essential minerals. These countries are Australia, Bahrain, Canada, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Jordan, Korea, Mexico, Morocco, Nicaragua, Oman, Panama, Peru, Singapore and Japan.

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