Wilson Center – EVs and Green Transport and the US-South Korea Partnership
As auto manufacturers worldwide declare they will go electric within the next decade or two, a global race has begun to secure access to the minerals, technology, human capital, and manufacturing capacity needed to affect that transition. The US has seen a number of policy advances to prepare for the EV revolution, including the recent passage of the Inflation Reduction Act of 2022, alongside efforts to improve international coordination. However, significant challenges remain from securing supply chains for massive amounts of critical minerals to working with allies like South Korea, which has been excluded from the EV tax credit.
What are the prospects for bilateral cooperation at the national level, and what is the outlook for private-public cooperation in developing the green transportation industry? How much should US trade and tax legislation favor US industries over those of allies? This panel will focus on economic competitiveness and cooperation in the context of the US-ROK alliance.