The Impact of Public Policy on the Lithium Battery Industry- Taking the United States as an Example

Abstract

Lithium battery plays a notable role in global manufacturing. As the demand for clean energy increases worldwide, the lithium battery industry is expanding rapidly. The United States, which stands at a leading status, aims to strengthen its competitive position. Policies support the development of technological innovation and enhanced domestic production capabilities. The objective of this research is to analyze the impact of public policies in the United States on local lithium battery production. The tariff policy, tax policy, research and development, and subsidy policies will be discussed separately in the following sections. This study includes a review of academic literature, industry reports, and policy papers. By analyzing the impact, this paper draws the following conclusions. Firstly, the local policies strengthen domestic manufacturing and supply chain resilience to enhance the international position. Secondly, the market in the US encourages the consumption of electric vehicles, which fosters the demand for lithium batteries. To further enhance the global competitiveness of the United States in the lithium battery industry, the US government should continue to contribute to the current status.