Wall Street Journal
December 23, 2021
The Biden administration wants to spend billions on electric-vehicle subsidies and charging stations because, as Vice President Kamala Harris put it in a Dec. 13 speech, “climate change has become a climate crisis and it demands urgent action.” But rushing to replace gasoline-powered cars with electric vehicles would hand the keys to the American transportation sector to China, given Beijing’s near-monopoly on rare-earth elements like neodymium and dysprosium, which are used in the high-output motors of most electric vehicles.
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